The balance sheet and income statement for Joe's Fish Hut are presented below. Joe's Fish Hut Balance Sheet As at December 31 2020 2019 ASSETS Current Assets Cash $146,547 $57,300 Accounts receivable $22,700 $16,800 Merchandise Inventory $21,900 $29,400 Total Current Assets $191,147 $103,500 Property, plant & equipment $137,000 $174,000 Less: Accumulated depreciation $-27,500 $-21,800 TOTAL ASSETS $300,647 $255,700 LIABILITIES AND EQUITY Liabilities Current Liabilities Accounts payable $28,200 $38,500 Notes Payable - Current Portion $7,600 $7,600 Total Current Liabilities $35,800 $46,100 Notes Payable - Long-Term Portion $86,000 $59,000 TOTAL LIABILITIES $121,800 $105,100 Shareholders' Equity Common shares $70,000 $53,700 Retained earnings $108,847 $96,900 Retained earnings $108,847 $96,900 TOTAL SHAREHOLDERS' EQUITY $178,847 $150,600 TOTAL LIABILITIES AND EQUITY $300,647 $255,700 Joe's Fish Hut Income Statement For the Year Ended December 31, 2020| Sales $125,000 COGS $88,800 Gross Profit $36,200 Operating Expenses Insurance Expense $1,120 Rent Expense $4,160 Salaries Expense $4,230 Telephone Expense $690 Interest Expense $1,920 Depreciation Expense $5,700 Total Operating Expenses $17,820 Operating Profit Before Tax $18,380 Income Tax Expense $6,433 Net Profit (Loss) $11,947 Complete the following ratio analysis. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. a) Calculate the days sales outstanding ratio for 2020. Assume all sales are credit sales. Days sales outstanding: days b) Calculate the accounts receivable turnover for 2020. Assume all sales are credit sales Accounts Receivable turnover: times c) Calculate the days' sales in inventory ratio for 2020. Days' Sales in Inventory: days d) Calculate the inventory turnover for 2020. Inventory turnover: times