Computing Activity Ratios The following amounts are summarized from information included in a company's 2020 annual report ($ millions). Account 2020 Sales $12,311 6,981 171 Cost of goods sold Accounts receivable, average balance Inventory, average balance Accounts payable, average balance 377 223 Compute the following ratios, rounding your answers to two decimal places (for example, .4568 = .46) 0 0 0 a. Accounts receivable turnover b. Average days to collect receivables c. Inventory turnover d. Average days in inventory e. Accounts payable turnover f. Average days payable outstanding g. Cash conversion cycle 0 0 0 0