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RATIO ANALYSIS
The following information was taken from Nash, Inc.'s trial balances as of December 31, 2008, and December 31, 2009.
Accounts receivable
$ 32,000
$ 39,000
Accounts payable
47,000
36,000
Sales
219,000
128,000
Sales returns
4,000
2,300
Retained earnings
16,000
Dividends
5,000
1,000
Net income
9,000
Required:
Calculate the net profit margin and accounts receivable turnover for 2009.
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