Brief Exercise 13-12 a-b1 (Part Level Submission) The following data were taken from the income statements of Sunland Company. Sales revenue Beginning inventory Purchases Ending inventory 2022 $6,420,000 968,300 4,842,000 1,171,000 2021 $6,178,000 810,200 4,629,000 968,300 (a) Your answer is correct. Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) 2022 2021 Inventory turnover 4.3 times 5.0 times Click if you would like to Show Work for this question: Open Show Work (b1) Compute days in inventory for each year. (Round answers to 0 decimal places, e.g. 124. Use 365 days for calculation.) 2022 2021 Days in inventory days days Click if you would like to Show Work for this question: Open Show Work Brief Exercise 13-11 a-b1 (Part Level Submission) The following data are taken from the financial statements of Pharoah Company. Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/45 2022 $ 555,400 4,714,000 2021 $ 520,000 4,185,000 (a) Your answer is partially correct. Try again. Compute for each year the accounts receivable turnover. At the end of 2020, accounts receivable was $541,500. (Round answers to 1 decimal place, e.g. 12.5.) 2022 2021 Accounts receivable turnover 8.49 || times 8.0 times (61) Your answer is partially correct. Try again. Compute for each year the average collection period. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) 2022 2021 Average collection period 42.9 || days 45.6 days