Use this information to determine for FY 2017: (Round & enter your answers to one decimal place and enter the value.)

1. Accounts receivable turnover ratio

2. Average collection period accounts receivable

3. Gross Profit Margin

4. Profit Margin

Item/Account	2017	2016
Accounts Receivable	9,800	9,400
Inventory	30,000	16,000
Net Sales	85,440	71,000
Cost of Goods Sold	62,000	52,000
Net Income	7,200	6,900