Beginning of Year $ 94 2,500 Cash and cash equivalents Accounts receivable (net) Inventory Other current assets Total current assets Total current liabilities End of Year $ 1,017 2,600 1,200 423 $5,240 $2,620 1,200 394 $4,188 $2,081 For the year, net credit sales were $10,710 million, cost of goods sold was $6,960 million, and net cash provided by operating Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory answers to 1 decimal place, e.g. 1.6.) Current ratio Accounts receivable turnover Average collection period Il Inventory turnover MA Days in inventory llo IN So I 99 Click if you would like to Show Work for question: Exercise 18-08 Gwynn Incorporated had the following transactions involving current assets and current liabilities during February 2020. Feb. 3 7 11 14 18 Collected accounts receivable of $15,200. Purchased equipment for $28,400 cash. Paid $2,000 for a 1-year insurance policy. Paid accounts payable of $12,500. Declared cash dividends, $4,000. Additional information: As of February 1, 2020, current assets were $135,810, and were 50,300. Compute the current ratio as of the beginning of the month and after each transaction. (Round answers to 2 decimal pl. Current ratic February 1 February 3 February 7 February 11 February 14 February 18 Exercise 18-10 Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end of the fiscal year (il millions). 2020 $4,800 3,696 Net sales Cost of goods sold Net income Accounts receivable Inventory Total assets Total common stockholders' equity MNN06 Compute the following ratios for 2020. (Round Round all other answers to 1 decimal place, e.g. 1.6 or 1.6%.) (a) Profit margin (b) Asset tumover (c) Return on assets (d) Return on common stockholders' equity (e) Gross profit rate Click if you would like to Show Work for this question: Open Show Work