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Selected data from Benson Company follow: Balance Sheets As of December 31 2018 2017 Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories, lower
Selected data from Benson Company follow: Balance Sheets As of December 31 2018 2017 Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost or market $408,000 $373,000 14,920 $387,60e 358,080 $481,000 $445,000 20,400 Income Statement For the Years Ended December 31 2018 2017 Net credit sales Net cash sales Net sales Cost of goods sold Selling, general, and administrative expenses Other expenses Total operating expenses $2,012,000$1,752,000 411,000308,90 2,060,000 1,438,000 214,600 22,900 $1,875,400$1,675,500 2,423,000 1,596,000 239,900 39,500 Required a. Compute the accounts receivable turnover for 2018 b. Compute the inventory turnover for 2018 C.Compute the net margin for 2017 (For all requirements, round your answers to 2 decimal places.) a. Accounts receivable turnover b. Inventory turnover C. Net margin times times
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