RSM Company Multi-step Income Statement For the Year ended December 31, 2022. Sales Revenue 425,000 Sales Retums & Allowances 8500 Net Sales Cost of Goods Sold Gross Profit 416,500 166.600 249 900 Expenses: Sales Salanes Expense Advertising Expense Office Supplies Expense Depreciation Expense Total Expenses Net Income 42,500 25,500 21,250 34.000 123250 126 650 RSM Company Balance Sheet December 31 2022 2021 Assets: Cash Net Accounts Receivable Inventory Total Assets 105,000 17,500 52,500 175.000 64,000 38,400 25,600 128000 Liabilities Accounts Payable 61,250 64.000 Stockholders' Equity Common Stock Retained Eamings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 35,000 78.750 113,750 175.000 25,600 38.400 64.000 128.000 Calculate and input answer as indicated: Gross Profit Margin = Gross Profit / Net Sales (round final answer to 2 decimal places): AR Turnover Ratio = Net Sales / Average Accounts Receivable (round final answer to 2 decimal places): Average Collection Period = 365 / AR Turnover Ratio (round final answer to the nearest WHOLE day): Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory: (round final answer to 2 decimal places): Average Days in Inventory = 365 / Inventory Turnover Ratio: (round final answer to the nearest WHOLE day)