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5 2 points 2002634 Selected data from Campbell Company follow. Accounts receivable Balance Sheets As of December 31 Allowance for doubtful accounts Net accounts
5 2 points 2002634 Selected data from Campbell Company follow. Accounts receivable Balance Sheets As of December 31 Allowance for doubtful accounts Net accounts receivable Year 3 $395,000 Year 2 $378,000 (19,758) (15,120) $375,250 $362,880 $476,500 $433,000 Inventories, lower of cost or market Income Statement For the Years Ended December 31 Net credit sales Net cash sales Net sales Cost of goods sold Other expenses Total operating expenses Selling, general, and administrative expenses Year 3 $2,011,000 412,000 2,423,000 1,600,000 239,500 41,000 $1,080,500 Year 2 $1,754,000 318,000 2,072,000 1,422,000 214,300 23,200 $1,659,500 Required a. Compute the accounts receivable turnover for Year 3 b. Compute the inventory turnover for Year 3. c. Compute the net margin for Year 2 (For all requirements, round your answers to 2 decimal places.) a. Accounts receivable tumover b. Inventory turnover c.Net margin times simes %
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