vouble west Suppliers (DWS) reported sales for the year of $350,000, all on credit. The average gross profit percentage was 30 percent on sales. Account balances follow Accounts receivable (net) Inventory Beginning $50,000 66,000 Ending $61,800 45,000 Required: 1. Compute the following turnover ratios. 2. By dividing 365 by your ratios from requirement 1, calculate the average days to collect receivables and the average days to sell inventory Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the following tumover ratios. (Round your answers to 1 decimal place.) 1. Compute the following turnover ratios. 2. By dividing 365 by your ratios from requirement 1, calculate the average days to collect receivab inventory Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the following turnover ratios. (Round your answers to 1 decimal place.) Receivables Turnover Ratio Inventory Turnover Ratio 1. Compute the following tumover ratios. 2 By dividing 365 by your ratios from requirement 1, calculate the average days to collect receivables and the average days 1 inventory Complete this question by entering your answers in the tabs below. Required 1 Required 2 By dividing 365 by your ratios from requirement 1, calculate the average days to collect receivables and the average days to sell inventory. (Use 365 days in a year. Do not round intermediate calculations. Round turnover ratio calculation and final answers to 1 decimal place.) Average Days to Collect Average Days to Sell days days