Steele Inc. Consolidated Balance Sheets (in thousands) Dec 31, 2019 Dec 31, 2018 ASSETS Current assets: Cash and equivalents $41,235 837,377 Accounts receivable Inventories Other $320,558 1,056,911 733,700 109,456 $2,220,625 1,666,588 247,892 $4,135,105 Total current assets Property and equipment, net 803,707 101,811 $1,784,130 1,813,948 248,372 $3,846,450 Other assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: $309,092 274,220 Accounts payable Accrued expenses Other current liabilities $250,363 347,892 15,700 93,489 137.466 $720,778 5707 444 Income taxes Total current liabilities Total current liabilities $720,778 $707.444 650,000 Long-term debt 541,639 Deferred income taxes 275,101 274,844 Other long-term liabilities 41,572 61,267 1,693,812 Total liabilities 1,578,833 Stockholders' equity: Preferred stock Common stock Additional paid-in capital-common stock Retained earnings $100,000 89.727 $100,000 89,727 127,776 2,136,794 128,906 2,397,112 $2.715,745 $2.454.297 (274,452) (186,680) $2.441.203 $2.267.617 Less: Treasury stock, at cost Total stockholders' equity Total liabilities and stockholders' equity $3,846.450 $4,135,105 Total liabilities and stockholders' equity Calculator $4,135,105 Printiem $3,846,450 Use the information provided above and below to respond to the following requirements, Statement Item January 1, 2018 (in thousands) Accounts receivable Inventories $752,945 Total assets 698,604 3,485,233 Required: 1. Compute the three asset efficiency ratios for 2018 and 2019. Round your answers to two decimal places 2019 2018 Accounts receivable turnover ratio Inventory turnover ratio Asset turnover ratio went to tivo decimal 2. Indicate the length of Steele's operating cycle in days for the years ended December 31, 2019, and December 31, 2018. Round Intermediate calculations and final places 2010 2018