9. What is the accounts receivable turnover and the average collection period? (Use 365 days in a year. Round your intermediate and final answers to 2 decimal places.)

10. What is the inventory turnover and the average sale period? (Use 365 days in a year. Round your intermediate and final answers to 2 decimal places.)

11. What is the companys operating cycle? (Use 365 days in a year. Round your intermediate and final answer to 2 decimal places.)

12. What is the total asset turnover? (Round your answer to 2 decimal places.)

! Required information [The following information applies to the questions displayed below.] Markus Company's common stock sold for $2.50 per share at the end of this year. The company paid a common stock dividend of $0.40 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Ending Balance $ 31,500 $ 56,000 $ 50,800 $ 138,300 $ 417,000 $ 57,000 $ 117,000 $ 114,000 $ 300,000 $ 417,000 Beginning Balance $ 47,800 $ 46,300 $ 56,000 $ 150, 100 $ 405,300 $ 39,000 $ 105,300 $ 114,000 $ 300,000 $ 405,300 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 650,000 $ 377,000 $ 273,000 $ 120,750 $ 7,000 $ 79,625 9. What is the accounts receivable turnover and the average collection period? (Use 365 days in a year. Round your intermediate and final answers to 2 decimal places.)