Analysis of Activity Measures Based on the comparative income statement and balance sheet of Cowan Kitchen Counters, Inc., that follow: Cowan Kitchen Counters, Inc. Comparative Income Statement For Years Ended December 31, 20-2 and 20-1 20-2 20-1 Net Sales (all on account) $2,584,000 $2,163,000 Cost of goods sold 1,868,200 1,616,800 Gross profit $715,800 $546,200 Operating expenses 315,200 221,800 Other expense (interest) 24,200 24,200 Income tax expense 176,800 106,300 Net income $199,600 $193,900 Cowan Kitchen Counters, Inc. Comparative Balance Sheet December 31, 20-2 and 20-1 20-2 20-1 Cash $255,400 $243,200 Government notes 250,000 250,000 Accounts receivable (net) 903,500 797,500 Merchandise inventory 983,600 913,600 Supplies and prepayments 143,200 47,500 Land 108,200 108,200 Building (net) 330,000 390,600 Office equipment (net) 17,700 15,000 Total assets $2,991,600 $2,765,600 Current liabilities (accounts payable) $703,000 $532,000 Bonds payable 220,000 240,000 Total liabilities $923,000 $772,000 Common stock ($10 par, 180,000 shares) $1,800,000 $1,800,000 Retained earnings 268,600 193,600 Total stockholders' equity $2,068,600 $1,993,600 Total liabilities and stockholders' equity $2,991,600 $2,765,600

Compute the following activity measures for 20-2 (round all calculations to two decimal places): Use 365 days when computing the accounts receivable and merchandise inventory turnover.

a. Accounts receivable turnover fill in the blank days

b. Merchandise inventory turnover fill in the blank days

c. Asset turnover fill in the blank 3 0.90 to 1