Solomon Company reports the following in its most recent year of operations:

Net sales, $$1,081,600($all on account$)$

Cost of goods sold, $$633,600$

Gross profit, $$448,000$

Accounts receivable, beginning of year, $$94,000$

Accounts receivable, end of year, $$114,000$

Merchandise inventory, beginning of year, $$59,000$

Merchandise inventory, end of year, $$69,000.$

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.

Complete this question entering your answers in the tabs below.

The inventory tumover.