6 1.07 points Accounts receivable Balance Sheets As of December 31 Allowance for doubtful accounts Net...

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6 1.07 points Accounts receivable Balance Sheets As of December 31 Allowance for doubtful accounts Net accounts receivable Year 3 $ 397,000 (19,850) $377,150 Year 2 $ 370,000 (14,800) $355,200 Inventories, lower of cost or market $ 484,500 $430,000 01:28.04 Income Statement For the Years Ended December 31 Year 3 Year 2 eBook Net credit sales $2,000,000 $ 1,754,000 Net cash sales 414,000 2,414,000 Hint Print References 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. b. Compute the inventory turnover for Year 3. c. Compute the net margin for Year 2. 1,594,000 239,100 39,300 314,000 2,068,000 1,432,000 213,400 22,200 $ 1,872,400 $ 1,669,600 Note: For all requirements, round your answers to 2 decimal places. a. Accounts receivable turnover b. Inventory tumover c. Net margin times times 6 1.07 points Accounts receivable Balance Sheets As of December 31 Allowance for doubtful accounts Net accounts receivable Year 3 $ 397,000 (19,850) $377,150 Year 2 $ 370,000 (14,800) $355,200 Inventories, lower of cost or market $ 484,500 $430,000 01:28.04 Income Statement For the Years Ended December 31 Year 3 Year 2 eBook Net credit sales $2,000,000 $ 1,754,000 Net cash sales 414,000 2,414,000 Hint Print References 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. b. Compute the inventory turnover for Year 3. c. Compute the net margin for Year 2. 1,594,000 239,100 39,300 314,000 2,068,000 1,432,000 213,400 22,200 $ 1,872,400 $ 1,669,600 Note: For all requirements, round your answers to 2 decimal places. a. Accounts receivable turnover b. Inventory tumover c. Net margin times times