10 points Skipped Selected data from Baird Company follow. Balance Sheets As of December 31 Accounts receivable: Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost or market Year 3 $405,000 Year 2 $374,000 (20,250) (14,960) $384,750 $359,040 $480,500 $432,000 Income Statement eBook For the Years Ended December 31 Net credit sales Net cash sales Hint Net sales Cost of goods sold Selling, general, and administrative expenses References Other expenses Total operating expenses Required a. Compute the accounts receivable turnover for Year 3. b. Compute the inventory turnover for Year 3, c. Compute the net margin for Year 2 (For all requirements, round your answers to 2 decimal places.) a Accounts receivable turnover b. Inventory turnover Net margin times times % Year 3 $2,006,000 414,000 Year 2 $1,755,000 315,000 2,420,000 2,070,000 1,608,000 1,430,000 239,800 214,200 40,100 23,600 $1,887,900 $1,667,800