1.

The following items are reported on a company's balance sheet:

Cash	$287,500
Marketable securities	99,000
Accounts receivable	255,800
Inventory	186,700
Accounts payable	293,300

Round your answers to two decimal places.

a. Determine the current ratio.

b. Determine the quick ratio.

2.

A company reports the following:

	Sales	$385,440
	Average accounts receivable (net)	40,150

Round your answers to one decimal place. Assume a 365-day year.

a. Determine the accounts receivable turnover.

b. Determine the number of days' sales in receivables.

3.

A company reports the following:

	Cost of goods sold	$1,989,250
	Average inventory	182,500

Round your answers to one decimal place.

a. Determine the inventory turnover. Assume a 365-day year.

b. Determine the number of days' sales in inventory. Assume a 365-day year.