Accounts Receivable and Inventory Ratios Bell Company, whose current assets at December 31 are shown below, had net sales for the year of $956,000 and cost of goods sold of $558,900. At the beginning of the year, Bell's accounts receivable (net) were $161,000 and its inventory was $200,000.

Cash	$32,400
Short-term investments	55,000
Accounts receivable (net)	169,000
Inventory	200,000
Prepaid expenses	11,600
Current assets	$468,000

Instructions:

• Round turnover ratios to two decimal places.
• Use rounded turnover ratios to compute respective days' ratios.
• Round days' ratios to the nearest whole number (day).

a. What is the company's accounts receivable turnover for the year? ____ b. What is the company's average collection period for the year? ____ days c. What is the company's inventory turnover for the year? ____ d. What is the company's days' sales in inventory for the year? ____ days