Exercise 240 B. Jones Corporation has issued common stock only. The company has been successful and has a gross profit rate of 20%. The information shown below was taken from the company's financial statements. Beginning inventory $ 482,000 Purchases 4,146,000 Ending inventory Average accounts receivable 700,000 Average common stockholders' equity 3,100,000 Sales revenue (all on credit) 5,600,000 Net Income 341,000 Compute the following Accounts receivable turnover and the average number of days required to collect the accounts receivable. Accounts receivable turnover (Round to o decimal places, e.g. 25) times Average collection period (Round to 1 decimal place, e.g. 25.2) days The ending inventory, inventory turnover and the average days in inventory. Ending Inventory Inventory turnover (Round to 1 decimal place, e.g. 25.2) times Average days in inventory (Round to 1 decimal place, e.g. 25.2) days Return on common stockholders' equity. (Round to o decimal places, e.g. 25%) Return on common stockholders' equity % Click if you would like to Show Work for this question: Open Show Work