Ratio Analysis The following information was taken from Nash Inc.'s December 31st trial balances for this year and the previous year. This Year Previous Year Accounts receivable $32,000 $39,000 Accounts payable 47,000 36,000 Sales 219,000 128,000 Sales returns 4,000 2,300 Retained earnings 47,000 16,000 Dividends declared and 5,000 1,000 paid Net income 36,000 9,000 Required: 1. Calculate the net profit margin and accounts receivable turnover for the this year. Assume a 365-day year. Round your answers to two decimal places. This Year Net profit margin Accounts receivable turnover % 2. How much profit does Nash make on each sales dollar? Round your answer to two decimal places. cents 3. How many days does the average receivable take, in a 365 year, to be paid (assuming all sales are on account)? Round your answer to nearest whole day. days