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Blackwell Automotives balance sheet at the end of its most recent fiscal year shows the following information: Flying Roos Corporation Balance Sheet as of December

Blackwell Automotives balance sheet at the end of its most recent fiscal year shows the following information:
Flying Roos Corporation
Balance Sheet as of December 31, 2014
Assets: Liabilities and Equity:
Cash and marketable sec. $23,015 Accounts payable and accruals $163,257
Accounts receivable $141,258 Notes payable $21,115
Inventories $212,444 Total current liabilities $184,372
Total current assets $387,940 Long-term debt $168,022
Total liabilities $352,394
Net plant and equipment $711,256 Common stock $313,299
Goodwill and other assets $78,656 Retained earnings $512,159
Total assets $1,177,852 Total liabilities and equity $1,177,852
In addition on, it was reported that the firm had a net income of $156,042
on sales of $4,063,589.
a. What are the firms current ratio and quick ratio?
b. Calculate the firms days sales outstanding (DSO), total asset
turnover ratio, and fixed asset turnover ratio.

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