Selected data from Finch Company follow: Balance Sheets As of December 31 Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost or market 2018 $397,000 (19,850). $377,150 $480,000 2017 $371,000 (14,840) $356,160 $447,000 Income Statement For the Years Ended December 31 2018 Net credit sales $2,014,000 Net cash sales 400,000 Net sales 2,414,000 Cost of goods sold 1,602,000 Selling, general, and administrative expenses 240,400 Other expenses 40,800 Total operating expenses $1,883,200 2017 $1,757,000 317,000 2,074,000 1,438,000 215,700 23,900 $1,677,600 Required a. Compute the accounts receivable turnover for 2018. b. Compute the inventory turnover for 2018. c. Compute the net margin for 2017