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Selected data from Perez Company follow. Balance Sheets As of December 31 Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost

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Selected data from Perez Company follow. Balance Sheets As of December 31 Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost or market Year 3 $392,000 (19,600) $372,400 $477,500 Year 2 $375,000 (15,000) $360,000 $437,000 Income Statement For the Years Ended December 31 Year 3 Net credit sales $2,013,000 Net cash sales 408,000 Net sales 2,421,000 Cost of goods sold 1,606, 000 Selling, general, and administrative expenses 239, 300 Other expenses 40, 800 Total operating expenses $1,886,100 Year 2 $1,754,000 303,000 2,057,000 1,436,000 216,000 22,100 $1,674,100 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.) times a. Accounts receivable turnover b. Inventory tumover c. Net margin times %

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