Procter & Gamble is a multinational corporation that manufactures and markets many household products. Last year, sales for the

company were $$83,062($all amounts in millions$).$ The annual report did not disclose the amount of credit sales, so we will assume that

$90$ percent of sales were on credit. The average gross profit on sales was $49$ 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 receivable and sell its inventory?

Complete this question by entering your answers in the tabs below.

Compute Procter & Gamble's receivables turnover ratio and its inventory turnover ratio.

Note: Round your intermediate calculations and final answers to $2$ decimal places.