Assume that for the 2017 fiscal year, AstroCo reported sales revenue of $3.6 billion and cost of goods sold of $1.6 billion.

Assume that for the 2017 fiscal year, AstroCo reported sales revenue of $3.6 billion and cost of goods sold of $1.6 billion.

Fiscal Year	2017			2016
Balance Sheet (in millions)
Cash	$	72		$	42
Accounts Receivable, less allowance of $15 and $15		435			411
Inventories		242			230
Prepaid Expenses		20			15
Other Current Assets		410			347
Accounts Payable		100			65
Wages Payable		50			62
Income Tax Payable		8			70
Other Current Liabilities		212			206

Compute the inventory turnover ratio and accounts receivable turnover ratio for 2017.