Selected data of the Peninsula Company follow:
As of December 31
Balance Sheet Data 2014 2013
Accounts receivable $671,000 $642,000
Allowance for doubtful accounts 31,000 22,000
Net accounts receivable $640,000 $620,000
Inventories-lower of cost or market $542,500 $642,500
Year Ended December 31
Income Statement Data 2014 2013
Net credit sales $3,150,000 $3,000,000
Net cash sales 800,000 600,000
Net sales $3,950,000 $3,600,000
Cost of goods sold $2,370,000 $2,160,000
Selling, general, and administrative expenses 475,000 350,000
Other 150,000 125,000
Total operating expenses $2,995,000 $2,635,000
Net income $955,000 $965,000
a. What is the accounts receivable turnover for 2014?
b. What is the inventory turnover for 2014?