Accounts Receivable and Inventory Ratios Favor Company had the following current assets at year-end: Cash $28,000 Short-term investments 87,000 Accounts receivable (net) 125,000 Inventory 178,500 Prepaid expenses 11,500 Current assets $430,000 The company had net sales for the year of $580,000 and cost of goods sold of $345,900. At the beginning of the year, Favor's accounts receivable (net) were $121,000 and its Inventory was $154,650. a. What is the company's accounts receivable turnover for the year? (Round to two decimal places.) 0 b. What is the company's average collection period for the year? (Round to one decimal place.) 0 c. What is the company's inventory turnover for the year? (Round to two decimal places.) 0 d. What is the company's days' sales in inventory for the year? (Round to one decimal place.) 0