Holcomb Corporation has issued common stock only. The company has been successful and has a gross profit rate of 20%. The information shown below was taken from the company's financial statements.

Beginning inventory $ 482,000

Purchases 4,346,000

Ending inventory ?

Average accounts receivable 700,000

Average common stockholders' equity 3,500,000

Sales (all on credit) 5,600,000

Net income 420,000

Instructions

Compute the following:

(a) Receivables turnover and the average number of days required to collect the accounts receivable.

(b) The inventory turnover and the average days in inventory.

(c) Return on common stockholders' equity.