Brief Exercise $4-15($Algo$)$ Receivables and inventory T$.$O$.($Efficiency$)$ ratios $[$LO$4-10]$

Universal Calendar Company began the year with accounts receivable $($net$)$ and inventory balances of $$250,000$ and $$30,000,$ respectively. Year$-$end balances for these accounts were $$270,000$ and $$10,000,$ respectively. Sales for the year of $$600,000$ generated a gross profit of $$200,000.$

Calculate the receivables and inventory turnover ratios for the year.