Selected data from Vernon Company follow:

Balance Sheets As of December 31
	2018				2017
Accounts receivable	$	405,000			$	377,000
Allowance for doubtful accounts		(20,250	)			(15,080	)
Net accounts receivable	$	384,750			$	361,920
Inventories, lower of cost or market	$	481,500			$	435,000

Income Statement For the Years Ended December 31
	2018				2017
Net credit sales	$	2,005,000			$	1,760,000
Net cash sales		412,000				307,000
Net sales		2,417,000				2,067,000
Cost of goods sold		1,598,000				1,436,000
Selling, general, and administrative expenses		240,100				215,300
Other expenses		40,700				22,900
Total operating expenses	$	1,878,800			$	1,674,200

Required

1. Compute the accounts receivable turnover for 2018.

2. Compute the inventory turnover for 2018.

3. Compute the net margin for 2017.

(For all requirements, round your answers to 2 decimal places.)

a.Accounts receivable turnover times

b.Inventory turnover times

c.Net margin%