Lewis Avenue Tire Company has been operating in Winnipeg for more than $30$ years and has a very loyal customer base. The company sells and installs tires and the owners pride themselves on the excellent business relationships they have developed with both their customers and suppliers. The company 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 paying their balances within $60$ days. Lewis Avenue purchases tires from most of the large national brands and, due to the nature of the business, generally maintains a fairly large inventory. It is essential that the company have the necessary tires on hand to meet customer needs due to increased competition from large retailers such as Canadian Tire and Walmart. The company has always had sufficient cash to pay its suppliers immediately and take advantage of cash discounts. However, this month, for the first time ever, Lewis Avenue does not have sufficient cash in the bank to meet its supplier payments. Chris Lewis, son of the original owner, Ernest Lewis, is currently operating the business and is very concerned about the company's inability to maintain what he feels are adequate levels of cash. Your firm has been the accountants for Lewis Avenue Tire Company for the past $20$ years. Chris 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 company's financial statements for the past three years. Excerpts from the financial statements are presented below.During $2024,$ credit sales and cost of goods sold were $\backslash (\backslash$$ $188,210\backslash )$ and $\backslash (\backslash$$ $113,190\backslash ),$ respectively. The $2023$ and $2022$ credit sales were $\backslash (\backslash$$ $207,080\backslash )$ and $\backslash (\backslash$$ $209,000\backslash ),$ respectively, and the cost of goods sold for the same periods were $\backslash (\backslash$$ $109,590\backslash )$ and $\backslash (\backslash$$ $111,760\backslash ),$ respectively. The accounts receivable and inventory balances at the end of $2021$ were $\backslash (\backslash$$ $9,400\backslash )$ and $\backslash (\backslash$$ $117,000\backslash ),$ respectively.Using the above data, calculate the following ratios: $($Round receivables turnover ratio and average collection period to $1$ decimal place, e$.$g$.15\mathrm{.}2,$ days to sell inventory to $0$ decimal places, e$.$g$.152$ and all other answers to $2$ decimal places, e$.$g$.15\mathrm{.}25.$ Use $365$ days for calculation.$)$