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The 2016 income statement of Anderson Medical Supply reported net sales of $9 Million. Cost of good sold is 5.2 Million and net income of

The 2016 income statement of Anderson Medical Supply reported net sales of $9 Million. Cost of good sold is 5.2 Million and net income of 820.000 image text in transcribed
($ in 9005) 2018 2017 Assets Cash Accounts receivable Inventory Property, plant, and equipment (net) $ 380 460 540 900 780 1,100 2,800 2,520 5,060 4,420 Total assets Liabilities and shareholders' equity Current liabilities Bonds payable Paid-in capital Retained earnings 1,040 910 1,400 1,400 1,400 1,400 1,220 71e $5,060 4,420 Total liabilities and shareholders' equity Required: 1. Calculate Anderson's turnover ratios for 2018. (Consider 365 days a year. Round your an Inventory turnover ratio Receivables turnover ratio Average collection period Asset turnover ratio times times days times

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