Exercise 9-11 Accounts receivable turnover, inventory turnover, and net margin LO 9-2, 9-4

Selected data from Komar Company follow.

Balance Sheet As of December 31
	2014			2013
Accounts receivable	$	399,000		$	370,000
Allowance for doubtful accounts		(19,950	)		(14,800	)
Net accounts receivable	$	379,050		$	355,200
Inventories, lower of cost or market	$	481,500		$	436,000

Income Statement for the Years Ended December 31
	2014			2013
Net credit sales	$	2,019,000		$	1,753,000
Net cash sales		405,000			319,000
Net sales		2,424,000			2,072,000
Cost of goods sold		1,598,000			1,428,000
Selling, general, and administrative expenses		240,800			214,800
Other expenses		39,400			23,900
Total operating expenses	$	1,878,200		$	1,666,700

Required

a.	Compute the accounts receivable turnover for 2014. (Round your answer to 2 decimal places.) accounts receivable turnover________________________times?

b.	Compute the inventory turnover for 2014. (Round your answer to 2 decimal places.) inventory turnover_______________________times?

c.	Compute the net margin for 2013. (Round your answer to 2 decimal places. (i.e., .2345 should be entered as 32.45)) Net margin______________________%