Using the Spin Master financial statements in Appendix III, calculate the following ratios for the years ended December 31, 2020 and December 31, 2019. At December 31, 2018, Spin Master had an accounts receivable balance of $266,800,000 and net sales of $1,631,500,000. Comment on the change.
a. Accounts receivable turnover ratio (round to two decimal places)
b. Days sales in inventory (round to the nearest day)