ES Question 14 Concord Clothing Store had net accounts receivable of $820000 at the beginning of the year and $700000 at the end of the year. Net credit sales during the year amounted to $7068000. The accounts receivable turnover ratio was O 8.6 times. 9.3 times. O 7.5 times. O 10.1 times. Question 15 Sheffield Corporation reported net income of $56430, net sales of $513000, and average assets of $806000 for 2019. The 2019 profit margin was: 5.5%. 157.1%. 11.0%. O 63.6%. Onon Show Work Question 16 Sheffield Company reports the following amounts for 2019: Net income Average stockholders' equity Preferred dividends Par value preferred stock $167000 2000000 62000 250000 The 2019 rate of return on common stockholders' equity is: O 5.3%. O 6.0%. O 8.4%. O 9.5%. Question 17 Inventory turnover is calculated by dividing O cost of goods sold by the beginning inventory. O cost of goods sold by the ending inventory. cost of goods sold by the average inventory. O average inventory by cost of goods sold. Question 18 Earnings per share is calculated O only for treasury stock. O only for common stock. O only for preferred stock. O for common and preferred stock. Question 19 A ratio calculated in the analysis of financial statements O is meaningful only if the numerator is greater than the denominator. O restates all items on a financial statement in terms of dollars of the same purchasing power. O shows the percentage increase from one year to another. O expresses a mathematical relationship between two numbers