The 2024 income statement of Anderson Medical Supply Company reported net sales of $8 million, cost of goods sold of $4.8 million, and net income of $800,000. The following table shows the company's comparative balance sheets for 2024 and 2023: (5 in thousands) 2024 Assets Cash 01:23:13 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 Required: 1. Calculate Anderson's turnover ratios for 2024. 20231 $ 300 $ 380 700 500 900 2,400 $ 4,300 $ 960 1,200 700 2,120 $ 3,700 $ 830 1,200 1,000 670 1,000 1,140 $ 4,300 $ 3,700 Note: Use 365 days a year. Round your answers to 2 decimal places. Answer is complete but not entirely correct. Inventory turnover ratio 5.77 times Receivables turnover ratio 14.63 times Average collection period 25.00 days Asset turnover ratio 2.15 times