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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 $12 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 $12 million, cost of goods sold of $6.8 million; and net income of $900,000. The following table shows the company's comparative balance sheets for 2024 and 2023 Required: 1. Caiculate Anderson's turnover ratios for 2024 Note: Use 365 doys a yeor. Round your answers to 2 decimal ploces

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