Exercise 4-26 (Algo) Evaluating efficiency of asset management [LO4-10] The 20 21 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 2020 $ $ 720 820 640 1.040 1.250 4. 100 1 160 2.0 20 $2.020 $6,070 Assate Cash Accounts receivable Inventory Property, plant, and equipment (net) Total assets Liabilities and shareholders' equity Current liabilities Bonds payable Conmon stock Retained earnings Total liabilities and shareholders' equity $1,300 2.050 2.700 980 $1,170 2.050 2,700 450 $7.030 $6,970 Required: ..Calculate Anderson's turnover ratios for 2021. (Use 365 days a year. Round your answers to 2 decimal places.) times times Inventory turnover ratio Receivables turnover ratio Average collection period Asset turnover ratio times