Use the following information for Brief Exercises 15-27 and 15-28: Last year, Toby's Hats had net sales of $45,000,000 and cost of goods sold of $29,000,000. Toby's had the following balances: Details January 1 December 31 Accounts receivable Inventories $5,500,000 $6,500,000 3,000,000 2,800,000 Brief Exercise 15-27. Calculating the Average Accounts Receivable, the Accounts Receivable Turnover Ratio, and the Accounts Receivable Turnover in Days Objective 3 Example 15.4 Refer to the information for Toby's above. Required: Note: Round answers to one decimal place. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days. Print Tour Search Ar Brief Exercise 15-28. Calculating the Average Inventory, the Inventory Turnover Ratio, and the Inventory Turnover in Days Objective 3. Example 15.5 Refer to the information for Toby's above. Required: Note: Round answers to one decimal place. 1. Calculate the average inventory. 2. Calculate the inventory turnover ratio. 3. Calculate the inventory turnover in days. 4. CONCEPTUAL CONNECTION Based on these ratios, does Toby's appear to be performing well or poorly