As of December 31, Balance Sheet Data 20X1 20X0 Accounts receivable $ 500,000 $ 470,000 Allowance for doubtful accounts (25,000 ) (20,000 ) Net accounts receivable 475,000 450,000 Inventorieslower of cost or market 600,000 550,000

Year Ended December 31, Income Statement Data 20X1 20X0 Net credit sales $ 2,500,000 $ 2,200,000 Net cash sales 500,000 400,000 Net sales 3,000,000 2,600,000 Cost of goods sold 2,000,000 1,800,000 Selling, general, and administrative expenses 300,000 270,000 Other 50,000 30,000 Total operating expenses 2,350,000 2,100,000

Required:

What is the accounts receivable turnover for 20X1? What is the inventory turnover for 20X1?