Exercise 4-26 (Algo) Evaluating efficiency of asset management [LO4-10] The 2021 Income statement of Anderson Medical Supply Company reported net sales of $12 million, cost of goods sold of $6.5 million. and net income of $885,000. The following table shows the company's comparative balance sheets for 2021 and 2020 ( in thousands) 2021 20201 Assets Cash 640 F 720 Accounts receivable 1,040 670 Inventory 1,250 1, 160 Property, plant, and equipment (net) 4,100 2,820 Total assets $7,000 $6.070 Liabilities and shareholders' equity Current liabilities. $1,300 $1,170 Bonds payable 2,050 2,050 Common stock Retained earnings 2,700 980 2,700 450 Total liabilities and shareholders' equity $7,020 $6,370 Required: Calculate Anderson's turnover ratios for 2021. (Use 365 days a year. Round your answers to 2 decimal places.) Inventory turnover ratio Receivables turnover ratio Average collection period Asset turnover ratio times times days times