Cornerstone Exercise 5-38 (Algorithmic) Ratio Analysis

Bo Sports' net sales, average net trade accounts receivable, and net income were $7,300,000, $842,000, and $410,000, respectively.

Round your answers to two decimal places.

Required:

1. Calculate Bo's accounts receivable turnover. Round your answer to two decimal places. fill in the blank 1

2. Calculate Bo's net profit margin ratio. Enter your answer as percentage, rounded to two decimal places (e.g. .0248563 to 2.49%).