Selected data from Stuart Company follow. Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost or market Net credit sales Net cash sales Balance Sheets As of December 31 Net sales Cost of goods sold Selling, general, and administrative expenses Other expenses Total operating expenses a. Accounts receivable turnover b. Inventory turnover c. Net margin Income Statement For the Years Ended December 31 Year 3 $393,000 (19,650) $373,350 $480,500 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.) times times % Year 2 $374,000 (14,960) $359,040 $444,000 Year 3 $2,004,000 Year 2 $1,759,000 407,000 309,000 2,411,000 2,068,000 1,606,000 1,438,000 240,200 215, 100 40,700 22,300 $1,886,900 $1,675,400

Selected data from Stuart Company follow. 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.) Selected data from Stuart Company follow. 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.)