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Selected data from Zachary Company follow. Balance Sheets As of December 31 Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost

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Selected data from Zachary Company follow. Balance Sheets As of December 31 Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost or market Year 3 $398,000 (19.900) $378, 100 $430,000 Year 2 $375,000 (15, 080) $360,000 $434,800 Income Statement For the Years Ended December 31 Year Net credit sales $2,818,000 Net cash sales 415,000 Net sales 2,433,000 Cost of goods sold 1,618,000 Selling, general, and administrative expenses 239,800 other expenses 39,500 Total operating expenses $1,889,380 Year 2 $1,758,000 382,00 2,060,000 1,422,000 215,500 22.80 $1,659,800 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 turnover b. Inventory turnover c Net margin times times

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