uala TIVIlliez Company T. Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories, Balance Sheets As of December 31 Required lower of cost or market Net credit sales Net cash sales Net sales Cost of goods sold Selling, general, and administrative expenses Other expenses Total operating expenses Income Statement For the Years Ended December 31 Year 3 Year 2 $ 1,756,000 $ 2,009,000 414,000 2,423,000 1,610,000 315,000 2,071,000 1,434,000 239,600 214,900 40,300 22,800 $ 1,889,900 $ 1,671,700 Year 3 $ 393,000 (19,650) $ 373,350 $ 476,500 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. Year 2 $ 377,000 (15,080) $361,920 $ 445,000

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