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4 Selected financial data for Amberjack Corporation follows. Year 1 (5 thousands) 338,261 Year 2 (3 thousands) 476,487 Cash look rint rences Sales Cost
4 Selected financial data for Amberjack Corporation follows. Year 1 (5 thousands) 338,261 Year 2 (3 thousands) 476,487 Cash look rint rences Sales Cost of goods sold Net income Accounts receivable. Inventories. 264,256 356,504 (170,109) (405,009) Cash flow from operations (60,751) (23,384) 342,680 270,747 Marketable securities 343,622 38,4001 22,826 37,173 6,668 73,606 Total current assets Accounts payable Accrued liabilities Total current liabilities 715,796 419,926 30,408 24,258 46,170 126,351 76,578 150,609 a. Calculate the current and quick ratio at the end of each year. Note: Round your answers to 1 decimal place. b. Assuming a 365-day year for all calculations, compute the following: 1. The collection period each year based on sales. 2. The inventory turnover and the payables period each year based on cost of goods sold. 3. The days' sales in cash each year. 4. The gross margin and profit margin each year. Note: Round your answers to 1 decimal place. Negative answers should be indicated by parentheses.
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