Selected data from Walton Company follow: Balance Sheets As of December 31 Accounts receivable Allowance for doubtful accounts Net accounts receivable Year 3 $398,000 (19,900) $378, 100 Inventories, lower of cost or market $481,500 Year 2 $374,000 Net credit sales Net cash sales Net sales Cost of goods sold Selling, general, and administrative expenses Other expenses Total operating expenses (14,960) $359,040 $448,000 Income Statement For the Years Ended December 31 Year 3 $2,004,000 416,000 2,420,000 1,606,000 239,700 39,900 $1,885,600 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 2 $1,756,000 301,000 2,057,000 1,422,000 214, 200 24,000 $1,660,200

Selected data from Walton Company follow: 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.)