Selected data from Vernon Company follow. Balance Sheets As of December 31 Accounts receivable Allowance tor doubtful accounts Het accounts receivable Inventories, lover of cost or market Year 3 Year 2 $390,000 $375,000 (19,500) (15,000) $370,500 $360,000 $477,500 $446,000 Income statement For the Year Ended December 31 Het credit sales Net cash sales Het sales Coat of goods sold Selling, general, and administrative expenses Other expenses Sotal operating expenses Year $2,001,000 410,000 2,411,000 1,610,000 240,600 39,000 51,889,600 Year 2 $1,756,000 305,000 2,061,000 1.420,000 215,900 23,300 $1,667,200 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 tumover b. Inventory tumover c. Netmargin times times %