Calcualte the average collection period and the inventory-turnover ratio in each year

Question 14 Financial statements for the Genatron Manufacturing Corporation for the years 2017 and 2016 are show Genatron Manufacturing Corporation Balance Sheet 2017 2016 ASSETS Cash $41.347 $51,165 Accts. receivable 261,347 201,703 Inventory 503,374 451,794 Total current assets 806,068 704,662 Fixed assets. net 400,000 300,000 Total assets $1.206,068 $1,004,662 Rudy LIABILITIES AND EQUITY Accts payable $1.71.733 $133,097 Bank loan 91,144 91,144 Accruals 70,000 50,000 Total current abdities 332,872 274.241 389.909 Long term debt, 129 304.900 300,000 300,000 Common S 510 por Capital surplus Rutined ang 142.09 8432 Type here to search o RE SC C. FE Retained earnings 142,098 84,337 Total liabilities & equity $1,206,068 $1,004,662 Genatron Manufacturing Corporation Income Statement 2017 2016 Net sales $1,690,915 $1,490,915 Cost of goods sold 1,014,549 894,549 Gross profit 676,366 596,366 Expenses: General and administrative 150,000 150,000 Marketing 150,000 130,000 Depreciation 52,425 41,681 Interest 54,874 44,886 Earnings before taxes 269,067 229,799 Income taxes 73,913 61,477 Net income $195,154 $168,322 dy Your answer is correct. Calculate Genatron's dollar amount of net working capital in each year. 2017 Het working capital 2016 423.191 490.-21 Calculate the 2017 2016 Current ratio 2.42 2.57 Acid-test ratio 0.91 .92 SHOW SOLUTION LINK TO TEXT LINK TO TEXT Calculate the average collection period and the inventory-turnover ratio in each year. (Us decimal places, e.g. 52.75.) 2017 2016 Average collection period days days Inventory turnover ratio