The balance sheet and income statement for Joe's Fish Hut are presented below:

Joe's Fish Hut Balance Sheet As at September 30
	2018	2017
ASSETS
Current Assets
Cash	$187,769	$62,700
Accounts receivable	$23,700	$16,500
Merchandise Inventory	$22,400	$29,100
Total Current Assets	$233,869	$108,300
Property, plant & equipment	$135,000	$185,000
Less: Accumulated depreciation	$-27,400	$-21,500
TOTAL ASSETS	$341,469	$271,800
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable	$30,400	$36,900
Notes Payable - Current Portion	$9,800	$9,800
Total Current Liabilities	$40,200	$46,700
Notes Payable - Noncurrent Portion	$89,000	$45,000
TOTAL LIABILITIES	$129,200	$91,700
Stockholders' Equity
Common stock	$66,000	$54,000
Retained earnings	$146,269	$126,100
TOTAL STOCKHOLDERS' EQUITY	$212,269	$180,100
TOTAL LIABILITIES AND EQUITY	$341,469	$271,800

Joe's Fish Hut Income Statement For the Year Ended September 30, 2018
Sales	$140,000
COGS	$89,200
Gross Profit	$50,800
Operating Expenses
Insurance Expense	$1,480
Rent Expense	$5,770
Salaries Expense	$4,590
Telephone Expense	$780
Interest Expense	$1,250
Depreciation Expense	$5,900
Total Operating Expenses	$19,770
Operating Profit Before Tax	$31,030
Income Tax Expense	$10,861
Net Profit (Loss)	$20,169

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 2018. Assume all sales are credit sales. Days sales outstanding: Answer

days b) Calculate the accounts receivable turnover for 2018. Assume all sales are credit sales Accounts Receivable turnover: Answer

times c) Calculate the days' sales in inventory ratio for 2018. Days' Sales in Inventory: Answer

days d) Calculate the inventory turnover for 2018. Inventory turnover: Answer

times