Double West Suppliers (DWS) reported sales for the year of $360,000, all on credit. The average gross profit percentage was 40 percent on sales. Account balances follow:

	Beginning			Ending
Accounts receivable (net)	$	51,000		$	61,000
Inventory		67,000			46,000

Required:
1.	Compute the following turnover ratios. (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. (Use 365 days in a year. Do not round intermediate calculations. Round turnover ratio calculation and final answers to 1 decimal place.)