The following data are provided:

December 31

	2018	2017
Cash	$ 1,500,000	$ 1,000,000
Accounts receivable (net)	1,600,000	1,200,000
Inventories	2,600,000	2,200,000
Plant assets (net)	7,000,000	6,500,000
Accounts payable	1,100,000	800,000
Income taxes payable	200,000	100,000
Bonds payable	1,400,000	1,400,000
10% Preferred stock, $50 par	2,000,000	2,000,000
Common stock, $10 par	2,400,000	1,800,000
Paid-in capital in excess of par	1,600,000	1,300,000
Retained earnings	4,000,000	3,500,000
Net credit sales	12,800,000
Cost of goods sold	8,400,000
Operating expenses	2,900,000
Net income	1,500,000

Additional information:

Depreciation included in the cost of goods sold and operating expenses is $1,220,000. On May 1, 2018, 60,000 shares of common stock were issued. The preferred stock is cumulative. The preferred dividends were not declared during 2018.

The accounts receivable turnover for 2018 is

a. 12,800 / 1,600.

b. 8,400 / 1,600.

c. 12,800 / 1,400.

d. 8,400 / 1,400.

The inventory turnover for 2018 is

a. 12,800 / 2,600.

b. 8,400 / 2,600.

c. 12,800 / 2,400.

d. 8,400 / 2,400.

The profit margin on sales for 2018 is

a. 4,400 / 12,800.

b. 1,500 / 12,800.

c. 4,400 / 8,400.

d. 1,500 / 8,400

The return on common stock holders equity for 2018 is

a. 1,500 / 7,200.

b. 1,500 / 8,000.

c. 1,300 / 7,200.

d. 1,300 / 8,000.

The book value per share of common stock at 12/31/18 is

a. 7,800 / 240.

b. 7,760 / 240.

c. 7,800 / 220.

d. 8,000 / 220.