Assume that for the 2017 fiscal year, AstroCo reported sales revenue of $2.9 billion and cost of goods sold of $1.6 billion.

Fiscal Year	2017			2016
Balance Sheet (in millions)
Cash	$	76		$	46
Accounts Receivable, less allowance of $15 and $15		445			413
Inventories		246			230
Prepaid Expenses		40			15
Other Current Assets		410			351
Accounts Payable		60			65
Wages Payable		50			66
Income Tax Payable		6			70
Other Current Liabilities		216			208

Assuming that all sales are on credit.

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 turnover: .............. times

Accounts turnover ratio: .............times