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selected data from konar company follow Balance Sheet As of December 31 2014 Accounts receivable $500,000 Allowance for doubtful accounts (20,000) 2013 $450,000 (16,000) Net

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Balance Sheet As of December 31 2014 Accounts receivable $500,000 Allowance for doubtful accounts (20,000) 2013 $450,000 (16,000) Net accounts receivable $480,000 $434,000 Inventories, lower of cost or market $600,000 $525,000 Income Statement for the Years Ended December 31 2014 $2,000,000 400,000 Net credit sales Net cash sales 2013 $1,760,000 320,000 Net sales 2,400,000 2,080,000 Cost of goods sold Selling, general, and administrative expenses Other expenses 1,600,000 240,000 40,000 1,440.000 216,000 24,000 Total operating expenses $1,880,000 $1,680,000 Required a. Compute the accounts receivable turnover for 2014. (Round your answer to 2 a Accounts receivable turnover times 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 23.45).) Net margin %

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