Balance Sheets As of December 31 Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost on market Year 3 $396,000 (19,800) $376,200 $481,500 Year 2 $373,000 (14, 920) $358, 080 $449,000 Income Statement For the Years Ended December 31 Year 3 Net credit sales $2.012,000 Net Cash sales 419,000 Net sales 2,431,000 Cost of goods sold 13592,000 Selling general, and administrative expenses 240,000 Other expenses 39,400 Total operating expenses $1,871400 Year 2 $1,752,000 301,200 2,053,000 1,426,000 214,500 23,500 $1,8645000 Required a compute the accounts receivable turnover for years b. Compute the inventory to move or Year 3 c. compute the net march for Year 2