Following is an extract of information from the books of Express Photos:

	2016	2015
Net Sales	166,500
Net Credit Sales	150,500
Inventory	13,000	15,000
Total Assets	98,000
Current Liabilites	48,000
COGS	86,000
Gross Profit	80,500
Current Assets	77,000
Net Profit	55,000
Total Liabilities	56,000
Accounts Receivable	25,000	18,000
Non leap year

Calculate the following ratios:

Format as noted.

Current Ratio (to 1 decimal place)	Answer
Debt Ratio (as a percentage to 1 decimal place - no "%")	Answer
Days Sales in Receivables (rounded to nearest whole number)	Answer
Inventory Turnover (rounded to nearest whole number)	Answer
Rate if Return on Net Sales (as a percentage to 1 decimal place - no "%")	Answer

Select the ratio that would generally be considered better for each of the following:

Current Ratio Answer 1.5 or 1.4

Debt Ratio Answer 60% or 65%

Inventory Turnover Answer 5 or 4

Gross Profit Answer 65% or 35%

Accounts Receivable Turnover Answer 10 or 20