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Double west suppliers (DWS) reported sale for the year of $400,000, all on credit. The average gross profit percentage was 35 percent on sale. Account

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Double west suppliers (DWS) reported sale for the year of $400,000, all on credit. The average gross profit percentage was 35 percent on sale. Account balance follow: Compute the following turnover ratios. (Round your answer to 1 decimal place.) By dividing 365 by your ratio from requirement 1, calculate the average days to collect receivable and the average days to sell inventory. (Use 365 days in a year. Do not round intermediate calculations. Round turnover ratio calculation and final answer to 1 decimal place.)

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