Double West Suppliers (DWS) reported sales for the year of $280,000, all on credit. The average gross profit percentage was 40 percent on sales. Account balances follow Accounts receivable (net) Inventory $43,000$53,000 58,000 38,000 Required: 1. Compute the following turnover ratios. ( Round your answers to 1 decimal place.) Receivables Turnover Ratio Inventory Turnover Ratio 2. By dividing 305 by your ratios from requirement 1. calculate the average days to colleat receivables and the average days to sell inventory. (Use 365 days in a year. Do not round intermediate caloulations Round turnover ratio caloulation and final answers to 1 decimal place.) Average Days to Collect Average Days to Sell days days