The RS Center takes an average of 55 days to sell its inventory and an average of 20 days to

collect payment on its sales and 30 days to pay its suppliers.

What is the inventory turnover rate?

What is the receivables turnover rate?

What is the payable turnover rate?

(If questions give you the turnover rate instead, can you calculate how long on average does it

take the firm to sell/to get payment/to pay?)