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Asset Efficiency Ratios Sammy Inc.s financial statements for 2023 indicate the following account balances: Net sales $253,777 Cost of goods sold 184,680 Average accounts receivable

Asset Efficiency Ratios

Sammy Inc.s financial statements for 2023 indicate the following account balances:

Net sales $253,777
Cost of goods sold 184,680
Average accounts receivable 22,265
Average inventory 4,037
Average property, plant, and equipment 69,451
Average total assets 140,566

Required: Round your answers to two decimal places.

1. Using this information, calculate Sammys receivable turnover ratio. fill in the blank 1

2. Using this information, calculate Sammys asset turnover ratio and also convert the ratio into days. Assume 365 days in a year. Round your answer to nearest whole day.

Asset turnover ratio fill in the blank 2
Conversion into days fill in the blank 3 days

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