Selected data from Rooney 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 $ 403,000 (20,150) $382,850 $485,000 Year 2 $370,000 (14,800) $355,200 $442,000 Income Statement For the Years Ended December 31 Year 3 Net credit sales $2,004,000 Net cash sales 413,000 Net sales 2,417,000 Cost of goods sold 1,592,000 Selling, general, and administrative expenses 239,500 Other expenses 40,900 Total operating expenses $1,872,400 Year 2 $1,756,000 319,000 2,075,000 1,434,000 214, 200 22,600 $1,670,800 Required a. Compute the accounts receivable turnover for Year 3. b. Compute the inventory turnover for Year 3. c. Compute the net marain for Year 2. 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 turnover c. Net margin times %