r9 Homework A 6 Check my work Net credit sales Income Statement For the Years Ended December 31 Year 3 $2,400,000 Net cash sales 600,000 Year 2 $1,950,000 450,000 Net sales 3,000,000 2,400,000 Cost of goods sold 1,800,000 1,520,000 Selling, general, and administrative expenses 300,000 240,000 Other expenses 80,000 50,000 Total operating expenses $2,180,000 $1,810,000 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. (For all requirements, round your answers to 2 decimal pices.) < Prev 3 of 4 Next >