(25 marks) A The cost of goods sold computations for Sooner Company and Later Company are shown below. Sooner Company Later Company Beginning inventory $ 45,000 $ 71,000 Cost of goods purchased 200,000 290,000 Cost of goods available for sale 245,000 361,000 Ending inventory 55,000 69,000 Cost of goods sold $190,000 $292.000 (10 marks) Instructions (a) Compute inventory turnover and days in inventory for each company. (b) Which company moves its inventory more quickly? B. (15 marks) Kerwick Company had accounts receivable of $100,000 on January 1, 2020. The only transactions that affected accounts receivable during 2020 were net credit sales of $1,000,000, cash collections of $920,000, and accounts written off of $30,000. Instructions (a) Compute the ending balance of accounts receivable. (b) Compute the accounts receivable turnover for 2020. (c) Compute the average collection period in days