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Selected balances from a company's financial statements are shown below. Calculate the following ratios for 2012: (a) accounts receivable turnover (b) inventory turnover (c) days' sales uncollected (d) days' sales in inventory (e) profit margin. (f) return on total assets. Dec 31 2012 Dec 31 2011 For Yr 2012

Accounts Receivable $27,000 $24,000

Merchandise Inventory 25,000 20,000

Total Assets 296,000 244,000

Accounts Payable 26,000 32,000

Salaries Payable 3,000 4,400

Sales (ALL ON CREDIT) $312,000 Costs of Goods sold 165,000

Salaries Expense 48,000

Other expenses 75,000

Net income 24,000