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Computing Activity Ratios Selected balance sheet and income statement information follows for the 5-M Company....

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Computing Activity Ratios Selected balance sheet and income statement information follows for the 5-M Company. 5-M Company $ millions Dec. 31, 2020 Dec. 31, 2019 Dec. 31, 2018 Income statement information Sales $181,644 $187,744 $188,313 Cost of goods sold 95,375 97,037 98,247 Balance sheet information Accounts receivable, gross 25,470 25,559 26,578 Inventory 21,108 21,865 23,570 Compute the following ratios for the fiscal years ended December 31, 2020, and December 31, 2019. Round your answer to two decimal places (for example, enter 20.46 for 20.4555558). 2020 2019 0 0 0 0 a. Accounts receivable turnover b. Average days to collect receivables c. Inventory turnover d. Average days in inventory 0 0 0 0

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