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The 2024 income statement of Anderson Medical Supply Company reported net sales of $10 million, cost of goods sold of $6.0 million, and net income of $860,000. The following table shows the company's comparative balance sheets for 2024 and 2023: ($ in thousands) 2024 2023 Assets Cash $ 540 $ 620 Accounts receivable 940 620 Inventory 1, 500 910 Property, plant, and equipment (net) 3 ,600 3, 320 Total assets $ 6,580 $ 5, 470 Liabilities and shareholders' equity Current liabilities $ 1, 200 $ 1, 070 Bonds payable 1, 800 1,800 Common stock 2, 200 2,200 Retained earnings 1, 380 400 Total liabilities and shareholders' equity $ 6,580 $ 5, 470 Required: 1. Calculate Anderson's turnover ratios for 2024. Note: Use 365 days a year. Round your answers to 2 decimal places. X Answer is complete but not entirely correct. Inventory turnover ratio 4.98 times Receivables turnover ratio 11.53 X times Average collection period 31.64 X days Asset turnover ratio 1.66 times