Question 5 of 10) View Policies Show Attempt History Current Attempt in Progress Sarasota Piping Company manufactures PVC pipe. The company has provided the following selected financial information: 2020 2021 Accounts receivable $85.000 $65.000 Inventory 105,000 85,000 Total current assets 235,000 265,000 Total assets 595,000 475,000 Current liabilities 55.000 45,000 Total liabilities 165,000 145,000 Net credit sales 315,000 375,000 Cost of goods sold 210,000 236,400 Net income 71,000 77,000 * il (a) Your answer is correct What is Sarasota accounts receivable turnover for 20217 (Round answer to 2 decimal places, eg. 52.75) Accounts receivable turnover 5 times eTextbook and Media (b) What is Sarasota gross margin percentage for 2021? (Round answer to 2 decimal ploces, 52.75) Gross margin percentage eTextbook and Media Severant Attempts: 2 of 3 used Screwer Attempts: 0 of 3 used