2019 2018 Cash $ 14,400 $ 11,500 Gross accounts receivable $ 106,300 $ 98,700 Allowance for doubtful accounts $ 9,800 $ 7,2001 Inventory $ 115,600 $ 108,700 Prepaid expenses $ 5,000 $ 7,000 Total long-term assets (net) $ 131,550 $ 140,000 Total assets $ 363,050 $ 358,700 Net credit sales $ 976,600 $ 902,500 Cost of goods sold $ 598,000 $ 576,000 Gross profit $ 378,600 $ 326,500 Net income $ 17,000 $ 13,450 1. If target accounts receivable turnover is 30 days, how well is this company managing its accounts receivable in 2019? Be sure to include your calculations. 2. If target inventory turnover is 80 days, how well is this company managing its inventory in 2019? Be sure to include your calculations. 3. All of this company's competitors have a return on assets of 3.2 - 4,4%. How does this company compare? Are they better or worse? 9:00 PM CAIC