4 Selected data from Jordan Company follow: Balance Sheets As of December 31 Accounts receivable Allowance...

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4 Selected data from Jordan 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 $ 403,000 (20,150) $ 382,850 Year 2 $ 377,000 (15,080) $ 361,920 $ 482,500 $ 438,000 Income Statement For the Years Ended December 31 Year 3 Year 2 Net credit sales $ 2,007,000 $ 1,750,000 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. 411,000 2,418,000 1,592,000 240,300 39,100 309,000 2,059,000 1,428,000 214,400 22,500 $ 1,871,400 $ 1,664,900 S b. Compute the inventory turnover for Year 3. c. Compute the net margin for Year 2. Note: For all requirements, round your answers to 2 decimal places. a. Accounts receivable turnover b. Inventory turnover c. Net margin times times % 4 Selected data from Jordan 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 $ 403,000 (20,150) $ 382,850 Year 2 $ 377,000 (15,080) $ 361,920 $ 482,500 $ 438,000 Income Statement For the Years Ended December 31 Year 3 Year 2 Net credit sales $ 2,007,000 $ 1,750,000 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. 411,000 2,418,000 1,592,000 240,300 39,100 309,000 2,059,000 1,428,000 214,400 22,500 $ 1,871,400 $ 1,664,900 S b. Compute the inventory turnover for Year 3. c. Compute the net margin for Year 2. Note: For all requirements, round your answers to 2 decimal places. a. Accounts receivable turnover b. Inventory turnover c. Net margin times times %