RATIO ANALYSIS
The following information was taken from Nash, Inc.'s trial balances as of December 31, 2008, and December 31, 2009.
| |
12/31/2009 |
12/31/2008 |
|
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
|
47,000
|
16,000
|
|
Dividends
|
5,000
|
1,000
|
|
Net income
|
36,000
|
9,000
|
Required:
Calculate the net profit margin and accounts receivable turnover for 2009.