AP-8A LOS At the beginning of 2018, Acatela Corp. had inventory of $350,000. During the ye of raw materials and sold $500,000 worth of inventory. Det U 2018, Acatela Corp. had inventory of $350.000. During the year, it purchased $220,000 worth sold $500,000 worth of inventory. Determine the inventory turnover ratio and the days' sales in inventory AP-9A LOS At the end of 2018, accounts receivable amounted to $200,000. At the beginning of the year, it was $165,000. Net credit sales for the year amounted to 5813,000 and net income was calculated to be $229,000. Determine the days' sales outstanding ratio and the accounts receivable turnover ratio. Comment on the ability of the company to enforce its credit policy of 60 days