Excerpts from candle corporation's most recent balance sheet appear below:

year $2$ year $1$

current assests

Cash $$200,000$ $$100,000$

Account receivable, net $230000210000$

Inventory $180000170000$

Prepaid expenses $130000130000$

Total current assets $740000610000$

Current liabilities

Account payable $$240,000$ $$220,000$

accrued liablities $7000070000$

notes payable, short$-$ term $130000120000$

Total current liabilties $440000410000$

Additional data

Sales on account $1397000$

cost of goods sold $997500$

compute the following for year $2$:

Accounts receivable turnover. Round to $2$ decimal. $2$ marks

Average collection paid$($use $365$ days in a year. Round ur intermediate calculations to $2$ decimals places

Inventory turnover. Round to $2$ decimal places

Average sale period $($use $365$ days in a year. Round ur intermediate calculations to $2$ decimals places

if the company expects its customers to pay their accounts receivable in $30$ days. How is the compnay doing?

what do the inventory and average sale period tell us$?$ Provide a reason