I need help with Accounts receivable turnover ratio and average collection period part.

The following amounts were reported by Sindarius Ltd. in its most recent statement of financial position: 2020 2019 Cash and cash equivalents $33,360 $102,000 Accounts receivable (net) 272,440 204,000 Inventory 628,280 473,280 Prepaid expenses 16,680 16,320 Property, plant, and equipment (net) 1,173,200 1,227,000 Accounts payable 436,000 305,000 Wages payable 33,000 34,000 Income tax payable 21,000 16,000 Unearned revenue 66,000 53,000 Long-term bank loan payable 822,000 888,000 Common shares 200,000 200,000 Retained earnings 545,960 526,600 The company had sales of $2,097,788 in 2020 and $1,917,600 in 2019. All sales were on account. (a) Your answer is correct. Calculate the current ratio and quick ratio for Sindarius Ltd. for the current and preceding year. (Round ratios to 2 decimal places, e.g. 15.25.) 2020 2019 Current ratio 1.71 1.95 Quick ratio 0.55 0.75 Current ratio Worsened Quick ratio Worsened e Textbook and Media Attempts: 1 of 3 used Calculate Sindarius's accounts receivable turnover ratio and average collection period for the current and preceding years. For the accounts receivable turnover ratio, use the balance of accounts receivable at each year end for this calculation, rather than average balances. (Round accounts receivable turnover ratio to 2 decimal places, e.g. 15.25 and average collection period to 1 decimal place, e.g. 15.1. Use 365 days for calculation.) 2020 2019 Accounts receivable turnover ratio 15.4 times 18.8 times Average collection period 23.7 days 19.4 days Comment on whether these ratios have improved or worsened. Accounts receivable turnover ratio Worsened Average collection period Worsened