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Asset Efficiency Ratios Financial statements for Steele Inc. follow. Steele Inc. Consolidated Statements of Income (in thousands except per share amounts) Cash and equivalents Accounts

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Asset Efficiency Ratios Financial statements for Steele Inc. follow. Steele Inc. Consolidated Statements of Income (in thousands except per share amounts) Cash and equivalents Accounts receivable Inventories Other Total current assets Property and equipment, net Other assets Total assets \begin{tabular}{rrr} 109,456 & & 101,811 \\ \cline { 1 - 1 } \cline { 3 - 3 } 1,6220,625 & & $1,784,130 \\ 239,092 & & 248,813,948 \\ \hline 4,126,305 & & $3,846,450 \\ \hline \end{tabular} LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable Accrued expenses Other current liabilities Income taxes Total current liabilities Long-term debt Deferred income taxes Other long-term liabilities Total liabilities Stockholders' equity: Preferred stock Common stock Additional paid-in capital-common stock Retained earnings \begin{tabular}{rr} $100,000 & $100,000 \\ 89,727 & 89,727 \\ 128,906 & 127,776 \\ 2,397,112 & 2,136,794 \\ \hline$2,715,745 & $2,454,297 \end{tabular} Required: 1. Compute the three asset efficiency retios for 2022 and 2023 . Round your answers to two decimal places. 2. Indicate the length of 5teele's operating cyde in days for the years ended December 31, 2023, and December 31, 2022. Assume 365 davs in i year, Round intermediate calculations and final answers to two decimal places. 20232022doysdays

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