Selected data from Franklin Company follow: Balance Sheets As of December 31 2018 2017 Accounts receivable Allowance for doubtful accounts $499,000 (20,450) $388,550 $378,000 (15,120) $362,880 Net accounts receivable Inventories, lower of cost or market $484,000 $434,000 Income Statement For the Years Ended December 31 Net credit sales Net cash sales 2018 $2,002,000 415,000 2,417,000 2017 $1,760,000 314,000 Net sales 2,074,000 Cost of goods sold Selling, general, and administrative expenses Other expenses Total operating expenses 1,608,000 239,300 39,100 $1,886,400 1,436,000 214,600 22,600 $1,673,200 Required a. Compute the accounts receivable turnover for 2018. b. Compute the inventory turnover for 2018. c. Compute the net margin for 2017. (For all requirements, round your answers to 2 decimal places.) a. Accounts receivable turnover b. Inventory tumover c. Net margin times times %