The 2020 and 2021 partial balance sheets for Ottoman Manufacturing Company appear below along with selected financial information: 
Required:
a.Calculate Ottoman's inventory turnover and average days to sell inventory for 2021.
b.Calculate Ottoman's accounts receivable turnover and average collection period for 2021.
Definitions:
Money
An economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy.
Reserve Requirement
The minimum amount of reserves that banks must hold, either in their vaults or with the central bank, as a proportion of deposits.
Excess Reserves
The surplus funds that banks hold over the required minimum set by the central bank to meet unexpected withdrawals.
Deposits
Funds stored in a bank or similar entity for security purposes that have the potential to accrue interest as time passes.
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