EAS. LO 9.3 Using the following select financial statement information from Black Water Industries, compute the accounts receivable turnover ratios for 2018 and 2019 (round answers to two decimal places). What do the outcomes tell a potential investor about Black Water Industries? BLACK WATER INDUSTRIES Year Net Credit Sales Ending Accounts Receivable 2017 $685,430 $330,250 2018 700,290 360,450 2019 768,500 401,650 EA9. LO 9.3 Using the following select financial statement information from Black Water Industries, compute the number of days' sales in receivables ratios for 2018 and 2019 (round answers to two decimal places). What do the outcomes tell a potential investor about Black Water Industries? BLACK WATER INDUSTRIES Year Net Credit Sales Ending Accounts Receivable 2017 $685,430 $330,250 2018 700,290 360,450 2019 768,500 401,650 EA10. LO 9.3 Millennial Manufacturing has net credit sales for 2018 in the amount of $1,433,630, beginning accounts receivable balance of $585,900, and an ending accounts receivable balance of $621,450. Compute the accounts receivable turnover ratio and the number of days' sales in receivables ratio for 2018 (round answers to two decimal places). What do the outcomes tell a potential investor about Millennial Manufacturing if industry average is 2.6 times and number of day's sales ratio is 180 days