7. Given the following financial data for Industrial Supply Group for the year ending December 31, 2017:

1. Calculate revenue per day.
2. Calculate cost of goods sold per day.
3. Calculate days in inventory.
4. Calculate collection period.
5. Calculate payment period.
6. Calculate cash collection cycle.
7. Calculate inventory turnover.
8. Calculate asset turnover.

Industrial Supply Group	December 2017
Revenue	$6,444,822
Cost of Goods Sold	$3,063,064
Inventory	$1,334,232
Accounts Receivable	$448,009
Accounts Payable	$1,452,492
Total Assets	$5,403,149