Double West Suppliers (DWS) reported sales for the year of $300,000, all on credit. The average gross profit percentage was 40 percent on sales. Account balances follow Accounts receivable (net) Inventory Beginning $45,000 6e, eee Ending $55, een 40, eee Required: 1. Compute the following turnover ratios 2 By diding 365 by your ratios from requirement 1, calculate the average days to collect receivables and the average days to sell Inventory Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the following turnover ratios. (Round your answers to 1 decimal place.) Receivables Turnover Ratio Inventory Turnover Ratio Required 2 >