Solomon Company reports the following in its most recent year of operations:

• Sales, $1,081,600 (all on account)
• Cost of goods sold, $633,600
• Gross profit, $448,000
• Accounts receivable, beginning of year, $94,000
• Accounts receivable, end of year, $114,000
• Merchandise inventory, beginning of year, $59,000
• Merchandise inventory, end of year, $69,000.

Based on these balances, compute:

1. The accounts receivable turnover.
2. The inventory turnover.

Required a Required b The accounts receivable turnover. Accounts Receivable Turnover Accounts Receivable Turnover Choose Numerator Choose Denominator Required Required b The inventory turnover Inventory Turnover Choose Denominator Choose Numerator Inventory Turnover