A company reports the following: Sales $1,396,125 Average accounts receivable (net) 91,250 Determine the (a) accounts receivable turnover, and (b) number of days' sales in receivables. When required, round your answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover b. Number of days' sales in receivables days The accounting equation may be expressed as O a. Assets - Liabilities - Stockholders' Equity Ob. Assets = Expenses - Liabilities Oc. Assets = Revenues - Liabilities Od. Assets + Liabilities = Stockholders' Equity Current liabilities are Oa. payable if a possible subsequent event occurs Ob. due, but not payable for more than one year Oc. due and receivable within one year Od. due and to be paid out of current assets within one year The following items are reported on a company's balance sheet: Cash $258,800 Marketable securities 107,600 Accounts receivable 263,900 Inventory 220,400 Accounts payable 299,300 Determine the (a) current ratio, and (b) quick ratio. Round your answers to one decimal place. a. Current ratio b. Quick ratio