Problem 3.2 Given an accounts receivable turnover of 9, annual sales of $900,000, credit sales of 80 percent, what is the average collection period? (Assume a 360 day year) | Problem 3.3 Legacy Inc. has provided the following information: Total Assets = $1,000,000 Total asset turnover = 2 Operating profit Margin = 8% Net profit margin = 5% Debt ratio = 50% a. Calculate Legacy's basic earning power. b. Calculate Legacy's return on assets c. Calculate Legacy's return on equity