(3-17) COMPREHENSIVE RATIO CALCULATIONS Anvil Metal Works (AMW) had a quick ratio of 1.1, a current ratio of 2.5, an inventory turnover of 4 times, gross profit margin of 10%, total current assets of $810,000, and cash and marketable securities of $120,000. What were AMW's annual sales and its DSO? Assume a 365-day year. Answer: Sales =$2,016,000 DSO=42.8 days