933 Universal Calendar Company began the year with accounts receivable and inventory balances of $200,000 and $55,000, respectively. Year-end balances respectively. Sales for the year of $750,000 generated a gross profit of $190,000. for these accounts were $220,000 and $35,000, Required: Calculate the receivables and inventory tunover ratios for the year. Receivables turnover ratio times Inventory turnover ratio times xplanation: 15