Accounts Receivable and Inventory Ratios Bell Company, whose current assets at December 31 are shown below, had net sales for the year of $959,000 and cost of goods sold of $561,900. At the beginning of the year, Bell's accounts receivable (net) were $164,000 and its inventory was $194,000.

Cash	$35,400
Short-term investments	58,000
Accounts receivable (net)	178,000
Inventory	209,000
Prepaid expenses	11,600
Current assets	$492,000

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? Answer

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