Sales for the year were $74,000 and cost of goods sold were $59,200.

The balance sheet at the end of the year is given below:

Assets			Liabilities and Equity
Cash	8,000		Accounts payable	19,000
Accounts receivable	4,000		Current liabilities	19,000
Inventory	32,000		Long-term debt	95,000
Current assets	44,000		Total liabilities	114,000
Machines	34,000		Paid-in capital	20,000
Real estate	80,000		Retained earnings	24,000
Net fixed assets	114,000		Equity	44,000
Total assets	158,000		Total liab. & equity	158,000

What is the firm's average collection period (days sales outstanding)?

What is the inventory turnover ratio?