Check my wor 8. Problem: Module 4 Textbook Problem 8 Learning Objectives: 1 points 4-2 Calculate ratios for assessing a company's liquidity 4-4 Calculate ratios for assessing a company's managerial effectiveness Selected data from Gibson Company follow: Hint Balance Sheets As of December 31 Print Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost or market Year 3 $ $399,000 (19,950) $379,050 $476,500 Year 2 $375,000 (15,000) $360,000 $441,000 Income Statement For the Years Ended December 31 Year 3 Net credit sales $2,018,000 Net cash sales 414,000 Net sales 2,432,000 Cost of goods sold 1,602,000 Selling, general, and administrative expenses 240,900 Other expenses 39,700 Total operating expenses $1,882,600 Year 2 $1,754,000 314,000 2,068,000 1,426,000 214,800 23,300 $1,664,100 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 times times b. Inventory turnover c. Net margin %