for nunber 1, what is the incentory turnover ratio? and number 2 the days to sell?

Procter & Gamble is a multinational corporation that manufactures and markets many products that you use every day. In 2017, assume that sales for the company were $91,503 (all amounts in millions) and that all sales were on credit. The average gross profit percentage was 512 percent. Account balances are as follows: Beginning Ending Accounts receivable (net) $ 7.561 Inventory 9.216 5,519 55,029 Required: 1. Compute the turnover ratios for accounts receivable and inventory. (Round your answers to 1 decimal place.) Receivables tumover ratio Inventory turnover ratio 13.7 times 6.4 times 2. By dividing 365 by your ratios from part 1, calculate the average days to collect receivables and the average days to sell inventory (Round your intermediate and final answers to 1 decimal place.) Days to collect Days to sell 26.6 570