Double West Suppliers (DWS) reported sales for the year of $500,000, all on credit. The average gross profit percentage was 40 percent on sales. Account balances are as follows:

	Beginning			Ending
Accounts receivable (net)	$	37,000		$	63,000
Inventory		52,000			48,000

Required: 1. Compute the turnover ratios for accounts receivable and inventory. (Round your answers to 1 decimal place.)

2. By dividing 365 by your ratios from requirement 1, calculate the average days to collect receivables and the average days to sell inventory. (Round your answers to 1 decimal place.)

3. Not available in Connect.