6 value: 10.00 points Procter & Gamble is a multinational corporation that manufactures and markets many products that you use every day. In 2013, sales for the were on credit. The average gross profit percentage was 51.4 percent. Account balances for that year follow: Accounts receivable (net) Inventory Beginning Ending 5,100 5,500 5,880 5,900 Required 1. Compute the following turnover ratios. (Do not round intermediate calculations. Round your final answers to 1 decimal place.) Receivables Turmover Ratio Inventory Turnover Ratio 2. By dividing 365 by your ratios from requirement 1, calculate the average days to collect receivables and the average days to sell inventory. (Round your intermediate calculations and final answers to 1 decimal place.) Average Days to Collect Receivables Average Days to Sell Inventory days days Hints References eBook & Resources Hint #1