Selected data from Walton Company follow. Balance Sheets Accounts receivable As of December 31 Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost or market Income Statement Year 3 $404,000 Year 2 $377,000 (20,200) (15,080) $383,800 $361,920 $476,500 $433,000 For the Years Ended December 31 Net credit sales Net cash sales Net sales Cost of goods sold Selling, general, and administrative expenses Other expenses Total operating expenses 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.) Year 3 Year 2 $2,012,000 $1,754,000 413,000 314,000 2,425,000 2,068,000 1,600,000 1,420,000 215,500 239,300 40, 400 $1,879,700 23,000 $1,658,500 a. Accounts receivable tumover b. Inventory tumover c.Net margin times times %