Exercise 9-11 Accounts receivable turnover, inventory turnover, and net margin LO 9-2, 9-4 Selected data from Walton Company follow: Balance Sheets As of December 31 Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost or market 2018 $407,000 (20,350) $386,650 $480,000 2017 $370,000 (14,800) $355,200 $441,000 Income Statement For the Years Ended December 31 2018 Net credit sales $2,017,000 Net cash sales 411,000 Net sales 2, 428,000 Cost of goods sold 1,592,000 Selling, general, and administrative expenses 240, 800 Other expenses 40.600 Total operating expenses $1,873,400 2017 $1,755,000 301,000 2,056,000 1,430,000 214.500 23,400 $1,667,900 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 Accounts receivable turnover Inventory turnover c. Net margin times