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Assume that for the 2017 fiscal year, AstroCo reported sales revenue of ( $ 3.0 ) billion and cost of goods sold of ( $
Assume that for the 2017 fiscal year, AstroCo reported sales revenue of \\( \\$ 3.0 \\) billion and cost of goods sold of \\( \\$ 1.7 \\) billion. Assuming that all sales are on credit. Required: 1. Compute the current ratio for 2017. (Round your answer to 2 decimal places.) 2. Compute the inventory turnover ratio and accounts receivable turnover ratio for 2017. (Round your answers to 2 decimal place.) 3. Not available in Connect
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