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 Year 3 $600,000 Year 2 $480,000 (40,000) (20,000) $560,000 $460,000 $500,000 $400,000 Net credit sales Net cash sales Net sales Income Statement For the Years Ended December 31 Year 3 $2,400,000 600,000 Year 2 $1,950,000 450,000 3,000,000 2,400,000 Cost of goods sold 1,800,000 1,520,000 Selling, general, and administrative expenses 300,000 240,000 Other expenses 80,000 50,000 Total operating expenses $2,180,000 $1,810,000 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.) a Accounts receivable turnover b Inventory turnover C Net margin times times %