Selected data from Thornton Company follow: Balance Sheets As of December 31 Year 3 Year 2 Accounts receivable Allowance for doubtful accounts $402,000 $372,000 (20,100) (14,880) Net accounts receivable $381,900 $357,120 Inventories, lower of cost or market $479,500 $431,000 Net credit sales Net cash sales Net sales Income Statement For the Years Ended December 31 Cost of goods sold Selling, general, and administrative expenses Other expenses Total operating expenses Year 3 $2,015,000 419,000 Year 2. $1,758,000 314,000 2,434,000 2,072,000 1,602,000 1,428,000 239,400 214,700 39,100 22,600 $1,880,500 $1,665,300 1 80 points Hint Print Selling, general, and administrative expenses Other expenses Total operating expenses $1,8 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 5.46 times times %