Balance Sheets
As of December 31
	Year 3	Year 2
Accounts receivable	$406,000	$373,000
Allowance for doubtful accounts	(20,300)	(14,920)
Net accounts receivable	$385,700	$358,080
Inventories, lower of cost or market	$482,000	$443,000

Income Statement
For the Years Ended December 31
	Year 3	Year 2
Net credit sales	$2,006,000	$1,758,000
Net cash sales	403,000	310,000
Net sales	2,409,000	2,068,000
Cost of goods sold	1,596,000	1,432,000
Selling, general, and administrative expenses	240,700	215,600
Other expenses	40,900	23,900
Total operating expenses	$1,877,600	$1,671,500

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.