Selected data for Nancy's Store appear below. 
Instructions
Compute the following for 2014:
(a) Profit margin.
(b) Inventory turnover.
(c) Accounts receivable turnover.
Definitions:
Ordinary Annuity
A series of equal payments made at regular intervals (e.g., monthly or annually) with interest compounded at the end of each period.
Deferred Annuity
An insurance product that delays payments until the investor elects to receive them, often at retirement.
Ordinary Annuity
An investment that makes equal periodic payments for a fixed period of time.
Deferred Annuity
An insurance product that provides future payments to the holder, starting at a pre-specified date, often used as a long-term retirement savings vehicle.
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