I'm not sure if the numbers in the boxes are correct, so please let me know! Thanks :)

Liquidity Analysis The following selected information is taken from the financial statements of Arnn Company for its most recent year of operations: Beginning balances: Inventory $200,000 Accounts receivable 300,000 Ending balances: Inventory 250,000 Accounts receivable 400,000 Cash 100,000 Marketable securities (short-term) 200,000 Prepaid expenses 50,000 Accounts payable 175,000 Taxes payable 85,000 Wages payable 90,000 Short-term loans payable 50,000 During the year, Arnn had net sales of $2.45 million. The cost of goods sold was $1.3 million. Required: Required: When required, round your answers to two decimal places. Assume 365 days per year. 1. Compute the current ratio. 2.50 2. Compute the quick or acid-test ratio. 1.75 3. Compute the accounts receivable turnover ratio. 7 times 4. Compute the accounts receivable turnover in days. 52.14 days 5. Compute the inventory turnover ratio. 4 times 6. Compute the inventory turnover in days. 24.20 days