The balance sheet and income statement for Joe's Fish Hut are presented below. Joe's Fish Hut Balance Sheet As at January 31 2020 2019 ASSETS Current Assets Cash $187,285 $65,300 Accounts receivable $22,700 $16,900 Merchandise Inventory $23,300 $26,900 Total Current Assets $233,285 $109,100 Property, plant & equipment. $137,000 $199,000 Less: Accumulated depreciation $-27,900 $-21,600 TOTAL ASSETS $342,385 $286,500 LIABILITIES AND EQUITY Liabilities Current Liabilities Accounts payable $26,400 $37,400 Notes Payable - Current Portion $7,100 $7,100 Total Current Liabilities $33,500 $44,500 Notes Payable - Long-Term Portion $86,000 $57,000 TOTAL LIABILITIES Shareholders' Equity Common shares $119,500 $101,500 $77,000 $58,400 Retained earnings $145,885 $126,600 TOTAL SHAREHOLDERS' EQUITY $222,885 $185,000 TOTAL LIABILITIES AND EQUITY $342,385 $286,500 Income Statement For the Year Ended January 31, 2020 Sales $139,000 COGS $89,500 Gross Profit $49,500 Operating Expenses Insurance Expense $890 Rent Expense $5,010 Salaries Expense $5,170 Telephone Expense $720 Interest Expense $1,740 Depreciation Expense $6,300 Total Operating Expenses $10,830 Operating Profit Before Tax $29,670 Income Tax Expense $10,385 Net Profit (Loss) $19,285 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