Answer:
Compute the accounts receivable turnover for 2018.
4.29 times
Compute the inventory turnover for 2018
3.6 times
Compute the net margin for 2017.
24.58%
Explanation:
Compute the accounts receivable turnover for 2018.
accounts receivable turnover = Sales / Accounts receivable
= $ 2,400,000 / $ 560,000
= 4.29 times
Compute the inventory turnover for 2018
Inventory turnover = cost of Sales / inventory
= $1,800,000 / $ 500,000
= 3.6 times
Compute the net margin for 2017.
net margin = Net Profit / Sales × 100
= (2,400,000-1,810,000) / 2,400,000 × 100
= 24.58%
