Analyzing Asset Management Effectiveness. Presented below are selected financial data from The Boeing Company 2015 annual report. 2015 2014 (amounts in millions) Balance sheet Accounts receivable (net) Inventory Income statement $8,835 48,923 $7,851 48,422 Net sales $100,780 $95,428 86,690 81,449 Cost of goods sold Using the ratio definitions from Exhibit 4.6, calculate the following ratios: receivables turnover, receivable collection period, inventory turnover, and the inventory turnover, and the inventory on-hand period Evaluate the company's reveivables and inventory asset management effectiveness. Round all answers to two decimal places. 2015 2014 Receivable turnover 30 X times 20 x times 10 x days Receivable collection period Inventory turnover Inventory-on-hand period 20 x days 10 x times 20 X times 10 x days 10 x days