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DuckWing Stores (DWS) reported sales of $620,000 for the year; one-half of sales were on credit. The average gross profit percentage was 25 percent on

DuckWing Stores (DWS) reported sales of $620,000 for the year; one-half of sales were on credit. The average gross profit percentage was 25 percent on sales. Account balances follow:

Beginning Ending
Accounts receivable (net) $41,000 $59,000
Inventory 57,000 36,000

Requirement 1:

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

Receivable turnover ratio
Inventory turnover ratio

Requirement 2:

Calculate the average days to collect receivables and the average days to sell inventory. (Round your answers to 1 decimal place.)

Days to collect days
Days to sell days

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