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The following ratios are available for Satellite Mechanical: Current ratio Acid-test ratio Receivables turnover Inventory turnover 2021 2.0 to 1 1.0 to 1 8.3 times

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The following ratios are available for Satellite Mechanical: Current ratio Acid-test ratio Receivables turnover Inventory turnover 2021 2.0 to 1 1.0 to 1 8.3 times 6.4 times 2020 1.6 to 1 0.7 to 1 10.2 times 6.2 times 2019 1.4 to 1 0.6 to 1 10.3 times 6.4 times (a) Calculate the collection period, days sales in inventory, and operating cycle in days for each year. (Round answers to 1 decimal place, e.g. 52.7. Use 365 days for calculation.) 2021 2020 2019 Collection period days days days Days sales in inventory days days days Operating cycle days days days

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