Selected data from Fanning Company follow: Balance Sheets As of December 31 Year 3 Accounts receivable $402,000 Allowance for doubtful accounts (20, 100) Net accounts receivable $381,900 Inventories, lower of cost or market $478,000 Year 2 $378,000 (15,120) $362,880 $444,000 Income Statement For the Years Ended December 31 Year 3 Net credit sales $2,014,000 Net cash sales 419,000 Net sales 2,433,000 Cost of goods sold 1,590,000 Selling, general, and administrative expenses 239,900 Other expenses 40,900 Total operating expenses $1,870, 800 Year 2 $1,754,000 305,000 2,059,000 1,438,000 214,500 22,800 $1,675, 300 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 the Years Engea vecember 31 Year 3 Net credit sales $2,014,000 Net cash sales 419,000 Net sales 2,433,000 Cost of goods sold 1,590,000 Selling, general, and administrative expenses 239,900 Other expenses 40,900 Total operating expenses $1,870, 800 Year 2 $1,754,000 305,000 2,059,000 1, 438,000 214,500 22,800 $1, 675, 300 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 %