Balance Sheet Data 2019 2018 3 Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories-lower of cost or market $671,000 $642,000 22,000 $640,000 $620,000 $542,500 $642,500 31,000 Skipped Year Ended December 31 Income Statement Data 2019 2018 Net credit sales Net cash sales Net sales Cost of goods sold Selling, general, and administrative expenses Other Total operating expenses Net income $3,150,000 $3,000,000 600,000 $3,950,000 $3,600,000 $2,370,000 $2,160,000 350,000 125,000 $2,995,000 $2,635,000 $ 955,000 $ 965,000 800,000 475,000 150,000 Required: a. What is the accounts receivable turnover for 2019? b. What is the inventory turnover for 2019