Glee Consolidated had sales of $15,000,000 for 2014. On December 31, 2013 the balance in Accounts Receivable was $700,000 and on December 31, 2014 the balance was $1,300,000. On December 31, 2013 the balance in Inventory was $400,000 and on December 31, 2014 the balance was $600,000. The Cost of Goods Sold during 2014 was $11,000,000.

Compute the Accounts Receivable turnover ratio.

Compute the Inventory turnover ratio.