Problem 6 (12 pts) De Niro Products had sales of $50,000,000 for 2017. On December 31, 2016 the balance in Accounts Receivable was $4,800,000 and on December 31, 2017 the balance was $5,200,000. On December 31, 2016 the balance in Inventory was $2,800,000 and on December 31, 2017 the balance was $2,200,000. The Cost of Goods Sold during 2017 was $30,000,000. Compute the Accounts Receivable turnover ratio. Compute the Inventory turnover ratio