Powers Company reported net sales of $1,380,000, average Accounts Receivable, net of $60,500, and net income of $58,675. The accounts receivable turnover ratio is:

Multiple Choice

23.8 times.

22.8 times.

43.6 times.

21.8 times.

0.44 times.

Zhang Company reported Cost of goods sold of $841,000, beginning Inventory of $38,400 and ending Inventory of $46,900. The average Inventory amount is:

Multiple Choice

$8,500.

$42,650.

$85,300.

$46,900.

$38,400.