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Current Attempt in Progress You have been presented with the following selected information from the financial statements of one of Canada's largest dairy producers, Saputo

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Current Attempt in Progress You have been presented with the following selected information from the financial statements of one of Canada's largest dairy producers, Saputo Inc. (in millions): 2019 2018 2017 Statement of financial position Accounts receivable Inventory Total current assets Total assets Current liabilities Total liabilities $1,248 1681 3.134 9,886 1.932 4.465 $ 945 1.234 2422 8,003 1,293 3,205 $863 1.172 2.380 7.597 1,193 3.274 Statement of income Sales Cost of goods sold Interest expense Income tax expense Net Income $13,502 9.179 67 230 755 $11,542 7.961 34 97 852 $11.163 7,680 37 309 731 (a) Calculate each of the following ratios for 2019 and 2018. (Round answers to 1 decimal place, es. 17.5% or 6.5: 1 or $2.6.) millons (a) Calculate each of the following ratios for 2019 and 2018. (Round answers to 1 decimal place, e.g. 17.5% or 6.5: 1 or $2.6.) (in millions) 2019 2018 1. Current ratio :1 :1 2 Receivables turnover times times 3 Inventory turnover times times 4. Debt to total assets % % 5 Times interest earned times times

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