Blossom Automotives balance sheet at the end of its most recent fiscal year shows the following information:

What are the firms current ratio and quick ratio? (Round answers to 2 decimal places, e.g.15.25.)

Current Ratio			times
Quick Ratio			times

Calculate the firms days sales outstanding, total asset turnover ratio, and fixed asset turnover ratio. (Round answers to 2 decimal places, e.g.15.25. Use 365 days for calculation.)

Days Sales Outstanding			days
Total Asset Turnover			times
Fixed Asset Turnover			times

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Question 14 Blossom Automotive's balance sheet at the end of its most recent fiscal year shows the following information: Blossom Automotive Balance Sheet as of March 31, 2017 Assets: Cash and marketable sec. Liabilities and Equity: Accounts payable and accruals Notes payable $20,000 148,000 213,000 $168,000 30,000 Accounts receivable Inventory Total current assets $381,000 Total current liabilities $198,000 166,000 $364,000 315,000 509,000 $1,188,000 Net plant and equipment Long-term debt Total liabilities Common stock Retained earnings Total liabilities and equity 720,000 87,000 $1,188,000 Goodwill and other assets Total assets In addition, it was reported that the firm had a net income of $155,000 on net sales of $4,250,000. Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.)