Selected data from Emporia Company follow: Balance Sheets As of December 31 2017 Accounts receivable Allowance for doubtful accounts Net account receivable $600,000 (40,000 $560,000 $480,000 $460,000 $400,000 Inventories, lower of cost or market $500, 000 Income Statenent For the Yeara Ended 31 2018 2017 Set credit sales Set cash sales 2,400,000 600,000 3,000,000 $1,950,000 450,000 2,400,000 Set sales Cost of goods sold Selling, general, and administrative expenses Other expenses 1, B00,000 300,000 80,000 2,180,000 1,520, 000 240,000 50,000 $1,810,000 Total operating expenses 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.) Accounts receivable 8 tumover b. Inventory turnover c. Net margin times times Selected data from Emporia Company follow: Balance Sheets As of December 31 2017 Accounts receivable Allowance for doubtful accounts Net account receivable $600,000 (40,000 $560,000 $480,000 $460,000 $400,000 Inventories, lower of cost or market $500, 000 Income Statenent For the Yeara Ended 31 2018 2017 Set credit sales Set cash sales 2,400,000 600,000 3,000,000 $1,950,000 450,000 2,400,000 Set sales Cost of goods sold Selling, general, and administrative expenses Other expenses 1, B00,000 300,000 80,000 2,180,000 1,520, 000 240,000 50,000 $1,810,000 Total operating expenses 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.) Accounts receivable 8 tumover b. Inventory turnover c. Net margin times times