Mini-Exercise 11-2 (Static) Calculate activity measures The following information was available for the year ended December 31, 2019: Net sales $292,000 Cost of goods sold 233,600 Average accounts receivable for the year 14,600 Accounts receivable at year-end 16,000 Average inventory for the year Inventory at year-end 73,000 78,400 Required: a. Calculate the inventory turnover for 2019. (Round your answer to 1 decimal place.) b. Calculate the number of days' sales in inventory for 2019, using year-end inventories. (Use 365 days a year. Round your answer to 1 decimal place.) c. Calculate the accounts receivable turnover for 2019. d. Calculate the number of days' sales in accounts receivable for 2019, using year-end accounts receivable. (Use 365 days a year.) a. Inventory turnover b. Number of days' sales in Inventory c. Accounts receivable turnover times days times d. Number of days' sales in accounts receivable days