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The 2021 income statement of Anderson Medical Supply Company reported net sales of $10 million, cost of goods sold of $5.3 million, and net income
The 2021 income statement of Anderson Medical Supply Company reported net sales of $10 million, cost of goods sold of $5.3 million, and net income of $825.000. The following table shows the company's comparative balance sheets for 2021 and 2020 (5 in thousands 2021 2020 5 400 BOO 2,150 2/900 $5,250 $ 480 550 950 2.620 $4,600 Aneta cash Accounts receivable Inventory Property, plant, and equipment (net) Total asets Liabilities and shareholders i equity Current liabilities Bonda payable Common ntock Retained eininga Total liabilities and shareholdexaequity 51,060 1.450 1,500 1.240 $5,250 $930 1.450 1.500 720 34,600 Required: 1. Calculate Anderson's turnover ratios for 2021. (Use 365 days a year. Round your answers to 2 decimal places.) Inventory tumover ratio Receivables turnover ratio Average colection period Andet turnover ratio times times days times
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