1. Please compute the Average Collection Period.

2. Please compute the Inventory Turnover.

Please show the necessary steps and formula.

Income Statement For First Quarter 2022 \begin{tabular}{|l|r|} \hline Net Sales Revenue & $496,846 \\ \hline - Cost of Goods Sold & $301,836 \\ \hline Gross Profits & $195,010 \\ \hline Operation Expenses (other than depr. \& amortization) & $103,723 \\ \hline Net Operating Income Bef. Interest, Tax, Depr. \& Amort. (EBITDA) & $91,287 \\ \hline Depreciation \& Amortization Expenses & $6,800 \\ \hline Net Operating Income Bef. Interest and Tax (EBIT) & $84,487 \\ \hline +- Gain / Loss on Disposal of Long-term Assets & $2,115 \\ \hline - Interest Expenses & $1,463 \\ \hline Net Income Before Tax (NIBT) & $85,139 \\ \hline - Income Tax (28\%) & $23,839 \\ \hline Net Income & $61,300 \\ \hline \end{tabular} \begin{tabular}{|l|r|} \hline + Beginning Balance of Retained Earnings & $146,780 \\ \hline - Dividends & $5,040 \\ \hline Ending Balance of Retained Earnings & $203,040 \\ \hline \end{tabular} Great Adventures, Inc. Balance Sheet (In USD 1,000)