Selected data from Fanning Company follow: Balance Sheets As of December 31 Accounts receivable Year 3. $390,000 Year 2 $373,000 Allowance for doubtful accounts (19,500) (14,920) Net accounts receivable $370,500 $358,080 Inventories, lower of cost or market $483,500 $443,000 Income Statement For the Years Ended December 31 Net credit sales Year 3 $2,004,000 Net cash sales 414,000 Year 2 $1,752,000 305,000 Net sales 2,418,000 2,057,000 Cost of goods sold 1,602,000 1,428,000 Selling, general, and administrative expenses 239,500 215,400 Other expenses 39,900 22,200 Total operating expenses $1,881,400 $1,665,600 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.)