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The 2018 income statement of Anderson Medical Supply Company reported net sales of $7 million, cost of goods sold of $5.0 million, and net income

The 2018 income statement of Anderson Medical Supply Company reported net sales of $7 million, cost of goods sold of $5.0 million, and net income of $810,000. The following table shows the company's comparative balance sheets for 2018 and 2017:

($ in 000s)
2018 2017
Assets
Cash $ 340 $ 420
Accounts receivable 740 520
Inventory 1,000 800
Property, plant, and equipment (net) 2,600 2,320
Total assets $ 4,680 $ 4,060
Liabilities and shareholders equity
Current liabilities $ 1,000 $ 870
Bonds payable 1,300 1,300
Paid-in capital 1,200 1,200
Retained earnings 1,180 690
Total liabilities and shareholders' equity $ 4,680 $ 4,060

Required: 1. Calculate Anderson's turnover ratios for 2018. (Consider 365 days a year. Round your answers to 2 decimal places.) Inventory Ratio , recievables ratio . Average collection period, asset turnover ratio.

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