Selected data from Emporia Company follow: Balance Sheets As of December 31 2018 600,000 $480,000 2017 Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost or market 40,000 $560,000 $460,000 500,000 $400,000 (20,000) Income Statement For the Years Ended December 31 2018 2017 Net credit sales Net cash sales Net sales Cost of goods sold Selling, general, and administrative expenses 0ther expenses Total operating expenses $2,400,000 $1,950,000 450,000 2,400,000 1,520,000 240,000 50,000 $2,180,000 $1,810,000 600,000 3,000,000 300,000 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.) a. Accounts receivable turnover b. Inventory turnover C. Net margin imes 4.00 times