Selected data from Thornton Company follow: Balance Sheets As of December 31 Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost or market 2018 $392,000 (19,600) $372,400 $478,000 2017 $373,000 (14,920) $358,080 $445,000 Income Statement For the Years Ended December 31 2018 Net credit sales $2,008,000 Net cash sales 414,000 Net sales 2,422,000 Cost of goods sold 1,590,000 Selling, general, and administrative expenses 239,700 Other expenses 39, 100 Total operating expenses $1,868, 800 2017 $1,755,000 306,000 2,061,000 1,440,000 214,300 23,200 $1,677,500 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 turnover c. Net margin times times %