1. Walkers World Company gathered the following information for 2019: (5 points)

Total sales revenue (65% on credit)	$432,000
Cost of goods sold	231,000
Sales returns and allowances (on credit)	44,000
Accounts receivable at end of 2019 ($30,000 increase during 2019)	100,000
Allowance for doubtful accounts:
Beginning of 2019	5,000
End of 2019	7,000
Merchandise inventory at end of 2019 ($10,000 decrease during 2019)	28,000
Assume 365 days in the year

Calculate each of the following ratios. Round all dollar amounts to whole dollars and all other calculations to two decimal places

1. Receivable turnover ratio

2. Average days to collect receivables

3. Inventory turnover ratio

D. Average number of days to sell inventory