Chapter 4 Help Save &Exit The 2018 income statement of Anderson Medical Supply Company reported net sales of $11 million, cost of goods sold of $6.1 million and net income of $865,000. The following table shows the company's comparative balance sheets for 2018 and 2017: 1.66 points s in 000B) 201 $ 560 640 630 960 3,7003.420 960 1,550 Inventory Property, plant, and equipment (net) Total assets Liabilities and shareholders equity Current liabilities $1,220 $1,090 1,850 1,850 2,300 2,300 410 Paid-in capital 1:400 410 $6,770 $5,650 1. Calculate Anderson's turnover ratios for 2018. (Consider 365 days a year. Round your answers to 2 decimal places.) ratio Prev 1 of 3 Next>