Selected data from Franklin Company follow: Balance Sheets As of December 31 Year 3 Year 2 Accounts receivable $410,000 $379,000 Allowance for doubtful accounts (20,500) (15,160) Net accounts receivable $389,500 $363,840 Inventories, lower of cost or market $481,000 $437,000 Income Statement For the Years Ended December 31 Net credit sales Year 3 $2,016,000 Year 2 $1,755,000 Net cash sales 408,000 311,000 Net sales 2,424,000 2,066,000 Cost of goods sold 1,596,000 1,426,000 Selling, general, and administrative expenses 240,100 215,000 Other expenses 39,900 23,000 Total operating expenses $1,876,000 $1,664,000 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.)