Problem 10: Ratio analysis: Missoula Inc. reported the following selected financial statement data: Dec 31, 2017 Dec 31, 2018 Cash $ 30,000 $ 32,000 Accounts receivable (net) 48,000 52,000 Inventory 68,000 72,000 Plant assets (net) Total assets Liabilities Shareholders' equity Net sales Cost of goods sold Net Income 210,000 405,000 145,000 260,000 340,000 220,000 20,000 218,000 395,000 145,000 250,000 400,000 280,000 25,000 Required: From the above information, compute: 1. Receivables turnover ratio 2. Inventory turnover ratio 3. Average collection period (rounded to one decimal place) 4. The average days in inventory 5. The return on assets 6. Return on shareholders' equity