28. The following information is available for Edmiston Company Beginning accounts receivable $ 70.000 Ending accounts receivable 110,000 Net sales 990,000 Instructions Compute the accounts receivable turnover ratio and the average collection period. (Worth 4 points) A/R turnover ratio: Average collection period: 29. Describe the differences between U.S. GAAP and International Financial Reporting Standards as it relates to inventory valuation and fixed asset valuation. (Worth 10 points)