2.Firm XYZ takes an average of 50 days to sell its inventory and an average of 60 days to collect payment on its sales and 80 days to pay its suppliers. 1. What is the inventory turnover rate? (keep 2 digits after decimal) 2. What is the payables turnover rate? (keep 2 digits after decimal) 3. What is the receivables turnover rate? (keep 2 digits after decimal) 4. True or false: it is good for a firm when payables turnover is higher 5. True or false: it is good for a firm when receivables turnover is higher