Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost or market Year 3 $394,000 (19,700) $374,300 $482,000 Year 2 $374,000 (14,960) $359,040 $436,000 Income Statement For the Years Ended December 31 Year 3 Net credit sales $2,007,000 Net cash sales 418,000 Net sales 2,425,000 Cost of goods sold 1,604,000 Selling, general, and administrative expenses 240,800 Other expenses 40,000 Total operating expenses $1,884,800 Year 2 $1,759,000 315,000 2,074,000 1,438,000 214,600 23,600 $1,676,200 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 c. Net margin times times %