Procter & Gamble is a multinational corporation that manufactures and markets many products that you use every day. In 2013 sales for the company were $89,000 (all amounts millions) annual report did not report the amount of credit sales, so we will assume that all sales were on credit. The average gross profit percentage was 50.4 percent. Account balances for that year Required: 1. Compute the following turnover ratios. (Do not round intermediate calculations. Round your final answers to 1 decimal place.) By dividing 365 by your ratios from requirement 1, calculate the average days to collect receivables and the average days to sell inventory (Round your intermediate calculations and final answers to 1 decimal place.)