Use the selected financial data below (assume all sales are credit sales and use 360 days in the year):

Selected Account Balances($ in 000s) 2018 2017

Accounts receivable $850 $750

Inventories 525 475

Total assets 2,100 1,900

Net sales 8,000 7,400

Cost of goods sold 6,000 5,500

Net income 500 450

Question: Compute the following financial ratios: (Show answers to 2 decimal places)

a Accounts Receivable Turnover ?

b Days Sales in Inventory ?

c Asset Turnover Ratio ?

d Gross Profit Ratio ?

e Profit Margin Ratio ?