I need help with this

Taylor Avenue Tire Compery has been operating in Wonnipeg for more than 30 years and has a very loyal customer base. The company sells and instafls tires and the owners pride themetelves on the excellent business relationahips they have developed with beth their customers and suppliers. The coempary often sells tires on credit, allowing customers to pay their balances within 30 days. Collection of accounts receivable has never been a problem, with most people porying their balinces within 60 days. Tiylor Avenue purchases tires from most of the large national brands and, due to the nature of the business, generally mainains a fairly large inventory. It is essential that the compary have the necessary tires on hand to meet customer needs due to increased competition from large retallers such as Canadian Tire and Welmart. The compary has alwrys had sufficient cash to payy its suppliers immediately and talke advantage of cash discounts. However, thls month for the first time ever. Taylor Avenue does not have sufficlent cash in the bank to meet its supplier payments. Chris Toypor, son of the originat owner, Emest Taylor, Bs currently operating the business and is very concernsd about the company's inability to maintain what he feels are adequate lewels of cash. Your firm has been the sccountants for Taylor Awenue Tire Company for the past 20 years. Onris has approached the firm expressing his concerns and asking for advice on how to solve the cash flow problems. As part of your analysis, you review the comparn's financis statements for the past three years. Decerpts from the financial statements are presented below. During 2024 , credit sales and cost of goods sold were $156,350 and $94,380, respsctively. The 2023 and 2022 credit sales were $172,010 and $172,640, respectively. and the cost of goods sold for the same periods were $91.260 and 592.840 . respectively. The accounts receivable and irventory balances at the end of 2021 were $7,800 and $97,000, respectively. (a1) Using the above data, calculate the following ratios: (Round receivebles tumover ratlo and everage collectlon period to 1 decimal ploce, es. 15.2, dops to sell inventory to 0 decimal places, es, 152 ond all other answers to 2 decimal ploces. 88.15 .25 . Use 365 days for calculationJ