Accounts Receivable and Inventory Ratios Ritter Company, whose current assets at December 31 are shown below. had net sales for the year of $850,000 and cost of goods sold of 5550,000. At the beginning of the year, Ritter's accounts receivable (net) were 5160,000 and its inventory was $175,000 Cash $32,000 Short-term investments 49,300 Accounts receivable net) 170,000 Inventory 200.000 Prepaid expenses 11,600 Currentes 5462.900 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