Vamba Sheriff Company
Comparative Income Statements
For Years Ended December 31, 2026-2023
	2026	2025	2024	2023
Net sales	$306,000	$273,000	$237,000	$168,000
Cost of goods sold	141,000	235,000	153,000	141,000
Gross margin	165,000	38,000	84,000	27,000
Operating expenses	87,000	20,000	45,000	14,000
Net income	$78,000	$18,000	$39,000	$13,000
Vamba Sheriff Company
Comparative Balance Sheets
For Years Ended December 31, 2026-2023
	2026	2025	2024	2023
Cash	$111,000	$129,000	$73,000	$136,000
Accounts receivable, net	86,000	76,000	66,000	47,000
Merchandise inventory	63,000	36,000	69,000	22,000
Plant assets, net	180,000	180,000	150,000	150,000
Total assets	$440,000	$421,000	$358,000	$355,000
Current liabilities	$42,000	$71,000	$46,000	$42,000
Long-term liabilities	190,000	220,000	200,000	240,000
Common stock	60,000	60,000	60,000	60,000
Retained earnings	148,000	70,000	52,000	13,000
Total liabilities and equity	$440,000	$421,000	$358,000	$355,000

Find the,

1. Inventory Turnover

2. Account Receivable Turnover

3. Total Assets Turnover