newconnectmheducation.com/flow/connect.html?returnUrl=https%3A%2F%2Fconnect.mheducation.com%2Fpaamweb st #3-In Class Selected data from Munoz Company follow. Balance Sheets As of December 31 Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost or market $.407.000 (20,350) $386,650 $478, see $376,00 (15,040) $360,960 $444,00 Income Statement For the Years Ended December 31 Net credit sales Net cash sales Net sales Cost of goods sold Selling generaland administrative expenses Other expenses Total operating expenses $2,020,000 405.000 2,425,000 1.590.000 239,200 2017 $1,752,00 303, 2,055,000 1.432.ee 214.10 22,200 $1.668.3 .876.600 Required Comtathea Pre 1 of 4 # Next > Type here to search Total operating expenses $1,876.689 $1.668.389 Required o. 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.) times a. Accounts receivable turnover b. Inventory turnover c. Net margin times Prev 1 of 4 !!! Next > here to search