1. compute the current ratio for 2017. (round to 2 decimal)

2. compute the invetory ratio and accounts receiveable turnover ratio for 2017 (roound to 2 decimal)

Assignment . Chooter 13 Help Save & Submit Check my work 4 S Assume that for the 2017 year. AstroCo reported sales revenue of $4.2 billion and cont of goods sold of $16 billion Fiscal Year 2017 2016 ce Sheet 100) Cash 741 44 Accounts Receivable, less allowance of $15 and 515 44 412 Inventories 244 230 Prepaid Expenses 38 15 Other Current Assets 410 349 Accounts Payable 30 65 Wages Payable 58 84 Income Tax Payable 5 70 Other Current Lottes 214 207 in Assuming that all sales are on credit Required: 1. Compute the current ratio for 2017 (Round your answer to 2 decimal places) Cure 2. Compute the inventory tumover ratio and accounts receivable turnover ratio for 2017 (Round your answers to 2 decimal place) Inventory love Accounts receive tumover mes mea Sw Help Save & Exit Assignment #8 - Chapter 13 Check my 4 5 pos Assume that for the 2017 fiscal year. AstroCo reported sales revenue of $4.2 billion and cost of goods sold of $1.6 billion Fiscal Year 2017 2016 Balance Sheet (in millions) Cash 5 74 $ 44 Accounts Receivable, tess allowance of $15 and $15 440 412 Inventories 244 230 Prepaid Expenses 30 15 Other Current Assets 410 349 Accounts Payable 80 65 Nages Payable 50 64 Income Tax Payable 5 70 Other Current Liabilities 214 207 Print Assuming that all sales are on credit References Required: 1. Compute the current ratio for 2017. (Round your answer to 2 decimal places) Current ratio 2. Compute the inventory turnover ratio and accounts receivable turnover ratio for 2017. (Round your answers to 2 decimal place.) Inventory burnover Accounts receivable bumover times mes