Comparative financial statements for Heritage Antiquing Services for the fiscal year ending December 31 appear on the following page. The company did not issue any new common or preferred stock during the year. A total of 600,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stock was $0.75. The market value of the companys common stock at the end of the year was $26. All of the companys sales are on account.

Heritage Antiquing Services Comparative Balance Sheet
(dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$	1,080		$	1,210
Accounts receivable, net		9,000			6,500
Inventory		12,000			10,600
Prepaid expenses		600			500
Total current assets		22,680			18,810
Property and equipment:
Land		9,000			9,000
Buildings and equipment, net		36,800			38,000
Total property and equipment		45,800			47,000
Total assets	$	68,480		$	65,810
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	18,500		$	17,400
Accrued payables		900			700
Notes payable, short term		-			100
Total current liabilities		19,400			18,200
Long-term liabilities:
Bonds payable		8,000			8,000
Total liabilities		27,400			26,200
Stockholders' equity:
Preferred stock		1,000			1,000
Common stock		2,000			2,000
Additional paid-in capital		4,000			4,000
Total paid-in capital		7,000			7,000
Retained earnings		34,080			32,610
Total stockholders' equity		41,080			39,610
Total liabilities and stockholders' equity	$	68,480		$	65,810

Heritage Antiquing Services
Comparative Income Statement and Reconciliation
(dollars in thousands)
	This Year	Last Year
Sales	$	66,000		$	64,000
Cost of goods sold		43,000			42,000
Gross margin		23,000			22,000
Selling and administrative expenses:
Selling expenses		11,500			11,000
Administrative expenses		7,400			7,000
Total selling and administrative expenses		18,900			18,000
Net operating income		4,100			4,000
Interest expense		800			800
Net income before taxes		3,300			3,200
Income taxes		1,320			1,280
Net income		1,980			1,920
Dividends to preferred stockholders		60			400
Net income remaining for common stockholders		1,920			1,520
Dividends to common stockholders		450			450
Net income added to retained earnings		1,470			1,070
Retained earnings, beginning of year		32,610			31,540
Retained earnings, end of year	$	34,080		$	32,610

Required:

Compute the following financial data for short-term creditors for this year:

1. Accounts receivable turnover. (Round your answer to 1 decimal place.)

2. Inventory turnover. (Round your answer to 1 decimal place.)

Selected financial information for Feemster Company for 2019 follows.

Sales	$	2,000,000
Cost of goods sold		1,400,000
Merchandise inventory
Beginning of year		155,000
End of year		195,000

Required:

Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turnover during 2019?