The following data come from the financial records of Franklin Corporation for Year 3: Sales Interest expense $840,000 4,600 Income tax expense Net income 29,000 23,000 Required How many times was interest earned In Year 3? (Round your answer to 2 decimal places.) Interest earned times Selected data from Baird Company follow: Balance Sheets As of December 31 Accounts receivable Allowance for doubtful accounts Year 3 $403,000 Year 2 $371,000 (20,150) (14,840) Net accounts receivable $382,850 $356,160 Inventories, lower of cost or market $485,000 $448,000 Net credit sales Income Statement For the Years Ended December 31 Net cash sales Net sales Cost of goods sold selling, general, and administrative expenses other expenses Total operating expenses Year 3 $2,012,000 401,000 Year 2 $1,751,000 300,000 2,413,000 2,051,000 1,600,000 1,426,000 240,100 215,900 40,200 23,100 $1,880,300 $1,665,000 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 %