The Smith 2021 income statement and balance sheet follows. (Click the icon to view the assets section of the balance sheet.) (Click the icon to view the liabilities and stockholders' equity sections of the balance sheet.) (Click the icon to view the income statement.) Read the requirements. Now, select the formula and then enter the amounts to calculate days inventory outstanding (DIO). (Enter any ratios used to calculate the DIO to two decimal places, X.XX, and use a 365-day year. Round the DIO to one decimal place, X.X days.) Days in year 365 Inventory turnover 30.00 = Days' inventory outstanding (DIO) 12.2 b. Use the income statement and the balance sheet to calculate the days' sales in average receivables (days' sales outstanding) during 2021 (round dollar amounts to one decimal place). Assume all sales are made on account. Select the formula and then enter the amounts to calculate days' sales in outstanding (DSO). (Abbreviation used: AR = Accounts receivable. Enter any ratios used to calculate DSO to two decimal places, X.XX, and use a 365-day year. Round the DSO to one decimal place, X.X days.) = Days' sales outstanding (DSO)