Financial ratios (Chapter 13) Financial ratios (Chapter 13) Saved Help Save &ExitSubmit 10 Check my work Double West Suppliers (DWS) reported sales for the year of $300,.000, all on credit. The average gross proft percentage was 40 percent on sales. Account balances follow 10 points Beginning Ending $45,000 $55,000 40,000 Accounts receivable (net) Inventory 60,000 BookRequired: Hint Ask Print 1. Compute the following turnover ratios. 2. By dividing 365 by your ratios from requirement 1, calculate the average days to collect receivables and the average days to sell inventory Complete this question by entering your answers in the tabs below Required 1 Required 2 Compute the following turnover ratios. (Round your answers to 1 decimal place.) 6.0 Receivables Turnover Ratio Inventory Turnover Ratio Required 2