Acct301

X - C ezto.mheducation.com/ext/map/index.html?_con=con&(external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmhepr. Week 7: Quiz Saved 75% + Reset Selected data from Munoz Company follow. 4 Balance Sheets As of December 31 2818 2817 Accounts receivable $409,600 $ 376, 080 Allowance for doubtful accounts (20,450) (15, 048) Net accounts receivable $388,550 $368,960 5 points Inventories, lower of cost or market $481, 508 5432, Bee Sidpped Income Statement For the Years Ended December 31 2018 2017 Net credit sales $2, 010, 030 $1, 756, 860 Net cash sales 416,809 319, Bee Net sales 2,426, 080 2, 075, 690 Cost of goods sold 1,602, 030 1, 440, 600 Selling, general, and administrative expenses 239, 900 215, 800 Other expenses 40,700 22, 608 Total operating expenses $1, 882, 609 $1, 678,408 Required a. Compute the accounts receivable turnover for 2018. b. Compute the Inventory turnover for 2018. c. Compute the net margin for 2017. (For all requirements, round your answers to 2 decimal places.) Accounts receivable turnover times Inventory turnover a. Net margin