Intro Sales for the year were $71,000 and cost of goods sold were $56,800. The balance sheet at the end of the year is given below: Assets Liabilities and Equity Cash 8,000 Accounts payable 17,000 Accounts receivable 3,000 Current liabilities 17,000 Inventory 29,000 Long-term debt 95,000 Current assets 40,000 Total liabilities 112,000 Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings 22,000 Net fixed assets 114,000 Equity 42,000 Total assets 154,000 Total liab. & equity 154,000 Part 1 Attempt 1/3 for 10 pts. What is the firm's average collection period (days sales outstanding)? 1+ decimals Submit 1. Attempt 1/3 for 10 pts. Part 2 What is the inventory turnover ratio? 2+ decimals Submit