Int int w Problem: Module 4 Textbook Problem 8 Learning Objectives: 4-2 Calculate ratios for assessing a company's liquidity 4-4 Calculate ratios for assessing a company's managerial effectiveness Selected data from Jordan Company follow: Balance Sheets As of December 31 Year 3 Year 2 Accounts receivable $406,000 $377,000 Allowance for doubtful accounts (20,300) (15,080) Net accounts receivable $385,700 $361,920 Inventories, lower of cost or market $481,500 $437,000 Net credit sales Net cash sales Net sales Income Statement For the Years Ended December 31 Year 3 $2,006,000 412,000 2,418,000 Year 2 $1,758,000 309,000 2,067,000 Net credit sales For the Years Ended December 31 Year 3 $2,006,000 Net cash sales 412,000 Year 2 $1,758,000 309,000 Net sales 2,418,000 2,067,000 Cost of goods sold 1,606,000 1,424,000 Selling, general, and administrative expenses 240,300 214,600 Other expenses 39,900 24,000 Total operating expenses $1,886,200 $1,662,600 int tint 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 b. Inventory turnover c. Net margin times times %