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.

\begin{tabular}{|c|c|c|} \hline \begin{tabular}{l} Balance Sheets \\ As of December 31 \end{tabular} & & \\ \hline & Year 3 & Year 2 \\ \hline Accounts receivable & $401,000 & $376,000 \\ \hline Allowance for doubtful accounts & (20,050) & (15,040) \\ \hline Net accounts receivable & $380,950 & $360,960 \\ \hline Inventories, lower of cost or market & $480,500 & $443,000 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{2}{|l|}{} & & \\ \hline a. & Accounts receivable turnover & & times \\ \hline b. & Inventory turnover & & times \\ \hline c. & Net margin & .... & % \\ \hline \end{tabular}