Topic: Compute and interpret turnover ratios for two years LO: 3 8. Selected recent balance sheet and income statement information for Holiday Corporation follows: (in millions) Average inventory Average accounts receivable Average accounts payable Sales Cost of goods sold 2016 $ 13,808 34,642 28.100 300,893 230,170 2015 $ 13,958 36,706 29.116 318,113 242,780 A Calculate accounts receivable turnover (ART) for 2016 and 2015. Has ART improved during the year or worsened? B. Calculate inventory turnover (INVT) for 2016 and 2015. Has INVT improved during the year or worsened