Selected data from Adams Company follow: Balance Sheets As of December 31 Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost or market Year 3 $402,000 (20,100) $381,900 $481,000 Year 2 $372,000 (14,880) $357, 120 $434,000 Income Statement For the Years Ended December 31 Year 3 Net credit sales $2,016,000 Net cash sales 404,000 Net sales 2,420,000 Cost of goods sold 1,594,000 Selling, general, and administrative expenses 239,400 Other expenses 40,700 Total operating expenses $1,874,100 Year 2 $1,750,000 306,000 2,056,000 1,426,000 214,100 22,500 $1,662,600 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 places.)