19. Annual profit growth - (Net earnings of current year - Net earnings of prior prior year 20. Gross profit margin = (Sales - Cost of sales) / Sales 21. Average days to collect receivables = 365 / Receivables turnover ratio The following data relates to Laurier Inc. Netbook value of fixed assets, December 31. year 1 256000 Net book value of fixed assets, December 31. year 2.404000 Total liabilities, December 31. year 1 58000 Total llabilities, December 31. year 2 68000 Sales for year 2 880000 Income for year 2 60000 Calculate the fixed asset turnover rate for year 2. Round your answer to two digits. e.8. 2.86. Your