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Exercise 4-26 (Algo) Evaluating efficiency of asset management [LO4-10] The 2024 income statement of Anderson Medical Supply Company reported net sales of $10 million, cost

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Exercise 4-26 (Algo) Evaluating efficiency of asset management [LO4-10] The 2024 income statement of Anderson Medical Supply Company reported net sales of $10 million, cost of goods sold of $6.6 million, and net income of $890,000. The following table shows the company's comparative balance sheets for 2024 and 2023 : Required: 1. Calculate Anderson's turnover ratios for 2024. Note: Use 365 days a year. Round your answers to 2 decimal places

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