Selected data from Emporia Company follow: Balance Sheets As of December 31 Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost or market Net credit sales Net cash sales Net sales Cost of goods sold Income Statement For the Years Ended December 31 Selling, general, and administrative expenses Other expenses Total operating expenses Year 3 $ 600,000 (40,000) $ 560,000 $ 500,000 a. Accounts receivable turnover b. Inventory turnover c. Net margin 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. Note: For all requirements, round your answers to 2 decimal places. times times % Year 2 $ 480,000 (20,000) $ 460,000 $ 400,000 Year 3 $ 2,400,000 600,000 3,000,000 1,800,000 300,000 80,000 $ 2,180,000 Year 2 $ 1,950,000 450,000 2,400,000 1,520,000 240,000 50,000 $ 1,810,000

Selected data from Emporia Company follow: 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. Note: For all requirements, round your answers to 2 decimal places