Compute the following for each company:

Number of times inventory turned over during the year and the average number of days required to turn over inventory.

Number of times account receivable turned over during the year and the average.

Selected financial data from North Company and South Company at the end of the current year is as follows: NORTH CO. SOUTH CO. Net sales (all on credit) $595,000 COGS $960,000 840,000 24,000 120,000 335.000 150,000 412,000 35,000 70,000 Cash Account Receivable (net) Inventory Current Liability 80,000 70,000