Computation and evaluation of activity ratios. The following data relate to Alas

Computation and evaluation of activity ratios. The following data relate to Alaska Products Inc:20X5 20X4Net credit sales $832000 $760000Cost of goods sold 530000 400000 Cash Dec. 31 125000 110000 Average Accounts receivable 205000 156000 Average Inventory 70000 50000 Accounts payable Dec. 31 115000 108000 Instructionsa. Compute the accounts receivable and inventory turnover ratios for 20X5. Alaska rounds all calculations to two decimal places.