Compute the receivable turnover ratio. The financial data of a firm during the past year is as follows (all values are in millions of dollars) Gross income: 17.4 Total sales: 14.5 Total credit sales: 7.4 Net income: 2.3 Cost of goods sold: 7.6 Total assets: 18 Average inventory: 1 Average receivables: 3.5 (b). Compute the asset turnover ratio. The financial data of a firm during the past year is as follows: (all values axe in millions of dollars) Gross income: 18.7 Total sales: 13.1 Total credit sales: 7.3 Net income 5.4 Cost of goods sold: 7.6 Total assets: 14.9 Average inventory: 2.7 Average receivables: 1