Solomon Company reports the following in its most recent year of operations: Net sales, $1,320,000 (all on account) Cost of goods sold, $720,000 Gross profit, $600,000 Accounts receivable, beginning of year, $110,000 Accounts receivable, end of year, $130,000 Merchandise Inventory, beginning of year, $75,000 Merchandise Inventory, end of year, $85,000. Based on these balances, compute: a. The accounts receivable turnover. b. The average collection period. c. The Inventory turnover. d. The average number of days in Inventory. Required a Required b Required c The accounts receivable turnover. Choose Numerator Required d Accounts Receivable Turnover Choose Denominator Accounts Receivable Turnover Required a Required b Required c Required d The average collection period. (Assume 365 days a year.) Average Collection Period Choose Numerator Choose Denominator Average Collection Period Required a Required b Required c Required d The inventory turnover. Inventory Turnover Choose Numerator Choose Denominator Inventory Turnover Required a Required b Required c Required d The average number of days in inventory. (Assume 365 days a year.) Choose Numerator Average Days in Inventory Choose Denominator Average Days in Inventory