Procter & Gamble is a multinational corporation that manufactures and markets many products that are probably in your home. Last year, sales for the company were $81,925 (all amounts in millions of U.S. dollars). The annual report did not disclose the amount of credit sales, so we will assume that 35 percent of sales were on credit. The average gross margin rate was 40 percent on sales. Account balances follow: Accounts receivables (net) Inventory Beginning $6,516 8,525 Ending $8,688 4,428 Required: Compute the turnover ratios for the accounts receivable and inventory. (Round the final answers to 2 decimal places.) Trade receivables turnover Inventory turnover receivables turnover A i mes times times Compute the average age of receivables, and the average days' supply of inventory. (Use 365 days a year. Round the intermediate calculations to 2 decimal places and the final answers to the nearest whole number.) Average age of receivables Average days' supply of inventory days days