Double West Suppliers (DWS) reported sales for the year of $310,000, all on credit. The average gross profit percentage was 35 percent on sales Account balances follow Accounts receivable (net) Inventory Beginning $ 46,000 62,000 Ending $ 56,000 41,000 Required: 1. Compute the following turnover ratios 2. By dividing 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 Required 2 By dividing 365 by your ratios from requirement 1, calculate the average days to collect receivables and the average days to sell inventory (Use 365 days in a year, Do not round Intermediate calculations. Round turnover ratio calculation and final answers to 1 decimal place.) Accounts receivable (net) Inventory Beginning 5.46.000 62,000 Ending $56,000 41,000 Required: 1. Compute the following tumover ratios. 2. By dividing 365 by your ratios from requirement 1, calculate the average days to collect receivables and the average days to se Inventory Complete this question by entering your answers in the tabs below. Required 1 Required 2 By dividing 365 by your ration from requirement 1, calculate the average days to collect receivables and the average days to soll inventory. (Use 365 days in a year. Do not round intermediate calculations. Round turnover ratio calculation and final answers to 1 decimal place.) Average Days to Collect Average Days to Sell days days percent on sales. Account balances follow: Accounts receivable (net) Inventory Beginning $ 46,000 62,000 Ending $56,000 41,000 Required: 1. Compute the following turnover ratios. 2. By dividing 365 by your ratios from requirement 1, calculate the average days to collect receivables 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 6.1