Exercise 9-11 Accounts receivable turnover, inventory turnover, and net margin LO 9-2, 9-4 Selected data from Perez Company follow: Balance Sheets As of December 31 Accounts receivable Allowance for doubtful accounts Net accounts receivable 2018 $391,000 (19,550) $371,450 $482,500 2017 $371,000 (14,840) $356,160 $440,000 Inventories, lower of cost or market Income Statement For the Years Ended December 31 2018 Net credit sales $2,001,000 Net cash sales 410,000 Net sales 2,411,000 Cost of goods sold 1,606,000 Selling, general, and administrative expenses 240,700 Other expenses 40,400 Total operating expenses $1,887,100 2017 $1,759,000 303,000 2,062,000 1,422,000 214,300 23,500 $1,659,800 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.) times a. Accounts receivable turnover b. Inventory turnover c. Net margin times