Selected data from Franklin Company follow: Balance Sheets As of December 31 Accounts receivable Allowance for doubtful accounts Net accounts receivable Year 3 $396,000 (19,800) $376,200 $479,500 Year 2 $378,000 (15,120) $362,880 Inventories, lower of cost or market $433,000 Income Statement For the Years Ended December 31 Year 3 Net credit sales $2,006,000 Net cash sales 420,000 Net sales 2,426,000 Cost of goods sold 1,594,000 Selling, general, and administrative expenses 240,000 Other expenses 40,600 Total operating expenses $1,874,600 Year 2 $1,755,000 312,000 2,067,000 1,440,000 215,300 23,200 $1,678,500 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 %