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Double West Suppliers (DWS) reported sales for the year of $370,000, all on credit. The average gross profit percentage was 35 percent on sales. Account balances follow Accounts receivable (net) Inventory Beginning $52,080 67,000 Ending $62,000 47,600 ol Required: 1. Compute the Receivables Turnover Ratio and Inventory Turnover Ratio 2. By dividing 365 by your ratios from requirement 1. calculate the average days to collect receivables and the average days to sell Inventory rence Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the Receivables Turnover Ratio and Inventory Turnover Ratio. (Round your answers to 1 decimal place, es Receivables Turnover Ratio Inventory Tumover Ratlo Required 2 > Required 1 Required 2 By dividing 365 by your ratios from requirement 1, calculate the average days to collect receivables and the average days to sell inventory. (Use 365 days in a year. Do not round Intermediate calculations. Round turnover ratio calculation and final answers to 1 decimal place.) Average Days to Collect Average Days to Sell days days