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Crane Automotive's balance sheet at the end of its most recent fiscal year shows the following information: Crane Automotive Balance Sheet as of March 31,
Crane Automotive's balance sheet at the end of its most recent fiscal year shows the following information: Crane Automotive Balance Sheet as of March 31, 2017 Assets: Liabilities and Equity: Cash and marketable sec. $31,000 Accounts payable and accruals $166,000 Accounts receivable 157,000 Notes payable 29,000 Inventory 249,000 Total current assets $437,000 Total current liabilities $195,000 Long-term debt 174,000 Total liabilities $369,000 Net plant and equipment 700,000 Common stock 311,000 Goodwill and other assets 88,000 Retained earnings 545,000 Total assets $1,225,000 Total liabilities and equity $1,225,000 In addition, it was reported that the firm had a net income of $175,000 on net sales of $4,300,000. What are the firm's current ratio and quick ratio? (Round answers to 2 decimal places, e..15.25.) Current Ratio times Quick Ratio times Calculate the firm's days' sales outstanding, total asset turnover ratio, and fixed asset turnover ratio. (Round answers to 2 decimal places, ..15.25. Use 365 days for calculation) Days Sales Outstanding days Total Asset Turnover times Fixed Asset Turnover times What are the firm's current ratio and quick ratio? (Round answers to 2 decimal places, e.g.15.25.) Current Ratio times Quick Ratio times Calculate the firm's days' sales outstanding, total asset turnover ratio, and fixed asset turnover ratio. (R. Days Sales Outstanding days Total Asset Turnover times Fixed Asset Turnover times
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