Delta Company
	November 30
Balance Sheet	2013	2014
Cash	$160	$300
Accounts Receivable	$420	$480
Inventory	$500	$730
Equipment	$2,000	$2,500
Less Accumulated Depreciation	$(1,000)	$(1,200)
Total Assets	$2,080	$2,810
Accounts payable	$280	$310
Other current liabilities	$300	$500
Notes payable Long Term	$600	$700
Common Stock	$400	$600
Retained Earnings	$500	$700
Total liabilities and stockholders' equity	$2,080	$2,810
Income statement
Net sales	$1,550	$1,840
Cost of goods sold	920	1060
Gross margin	630	780
Expenses:
Salaries	200	250
Warehousing costs	90	120
Advertising	120	70
Taxes	45	75
Total expenses	455	515
Net income	$175	$265
Calculate the following for the year 2014:
1. Current Ratio
2. Accounts Receivable Turnover
3. Inventory Turnover