Acct301

i DeVry Student Portal X Week 7: Quiz X Question 4 - Week 7:Quiz - Con X + O X C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmhepr_ Week 7 Quiz Saved Help Save & Exit 4 Selected data from Munoz Company follow Balance Sheets As of December X1 2018 2917 Accounts receivable $376,083 Allowance for doubtful accounts (20,450) (15,840) poires Net accounts receivable $368,550 $360,960 Inventories, lower of cost or market $481, 500 $432, 089 Income Statement For the Year's Ended December 21 2018 2017 Net credit sales $2, 010,909 $1,756,090 Net cash sales 416,680 319,608 Net sales 2,426,090 2,875,808 Cost of goods sold 1,682,000 1, 448, Dee Selling, general, and administrative expenses 239,900 215, 800 Other experise's 22,680 Total operating expenses $1,262, 680 $1,678,410 Required a. Compute the accounts receivable turnover for 2018 b. Compute the Inventory turnover for 2018. c. Compute the net margin for 2017 (For all requirements, round your answers to 2 decimal places.) Accounts receivable times b. Inventory tumover ienes . Net margin