Homework #1 Soft company has the following financial information: I Total assets Current assets Total equity Long term debt Accounts payable Inventory Cogs Gross profit Accounts receivable $15,000,000 40% of the total assets $9,500,000 60% of the total liabilities 30% of the current liabilities 35% of the current assets $35,000,000 $20,000,000 $1,500,000 Find: 1. Current ratio. 2. Quick ratio. 3. Inventory turnover. 4. Average age of inventory. 5. Receivable collection period. 6. Average payment period. 7. Total assets turnover. 8. Debt ratio