The 2021 income statement of Anderson Medical Supply Company reported net sales of $9 million, cost of goods sold of $5.2 million, and net income of $820,000. The following table shows the company's comparative balance sheets for 2021 and 2020- ($ in thousands) 2021 2020 $ 380 789 1,100 2,800 $5,060 $ 460 540 900 2,520 $4,420 Assets Cash Accounts receivable Inventory Property, plant, and equipment (net) Total assets Liabilities and shareholders' equity Current liabilities Bonds payable Common stock Retained earnings Total liabilities and shareholders' equity $1,040 1,400 1,400 1,220 $5,060 $ 910 1,400 1,400 710 $4,420 Required: 1. Calculate Anderson's turnover ratios for 2021 (Use 365 days a year. Round your answers to 2 decimal places.) Inventory turnover ratio Receivables turnover ratio Average collection period Asset turnover ratio I times times days