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Che 3 Selected data from Campbell Company follow: Balance Sheets As of December 31 8...

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Che 3 Selected data from Campbell Company follow: Balance Sheets As of December 31 8 points Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost or market Year 3 $397,000 (19,850) $377, 150 $476,500 Year 2 $372,000 (14,880) $357, 120 $444,000 eBook Hint Income Statement For the Years Ended December 31 Year 3 Net credit sales $2,020,000 Net cash sales 410,000 Net sales 2,430,000 Cost of goods sold 1,598,000 Selling, general, and administrative expenses 239, 700 Other expenses 39,000 Total operating expenses $1,876,700 Year 2 $1,757,000 307,000 2,064,000 1,422,000 214,500 22,300 $1,658, 800 Print References 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 %

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