Sales $131,000 COGS $88,800 Gross Profit $42,200 Operating Expenses Insurance Expense $1,240 Rent Expense $5,390 Salaries Expense $5,230 Telephone Expense $760 Interest Expense $1,760 Depreciation Expense $7,500 Total Operating Expenses $21,880 Operating Profit Before Tax $20,320 Income Tax Expense $7,112 Net Profit (Loss) $13,208 Complete the following ratio analysis. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. a) Calculate the days sales outstanding ratio for 2023. Assume all sales are credit sales. Days sales outstanding: Answer days b) Calculate the accounts receivable turnover for 2023. Assume all sales are credit sales Accounts Receivable turnover: Answer times c) Calculate the days' sales in inventory ratio for 2023. Days' Sales in Inventory: Answer days d) Calculate the inventory turnover for 2023.
