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Procter & Gamble is a multinational corporation that manufactures and markets many household products. Assume sales for the company in a recent year were $76,000

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Procter \& Gamble is a multinational corporation that manufactures and markets many household products. Assume sales for the company in a recent year were $76,000 (all amounts in millions). The annual report did not disclose the amount of credit sales, so we will assume that 70 percent of sales were on credit. The average gross profit on sales was 46 percent. Additional account balances were: Required: Compute Procter \& Gamble's receivables turnover ratio and its inventory turnover ratio. On average, how many days does it take for the company to collect its accounts recelvable and sell its inventory? Complete this question by entering your answers in the tabs below. Compute Procter \& Gamble's recelvables turnover ratio and its inventory turnover ratio. Note: Round your intermediate calculations and final answers to 2 decimal places

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