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In its most recent annual report (all figures reported in $ millions) Hewlett-Packard reported sales of $20,082 and cost of goods sold of $11,982. Accounts

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In its most recent annual report (all figures reported in $ millions) Hewlett-Packard reported sales of $20,082 and cost of goods sold of $11,982. Accounts payable at the beginning of the year was $1,343 and at the end of the year $1,515. Inventory at the beginning of the year was $2,572 and at the end of the year $2,688. Calculate the average days' sales in payables for the year. Present your answer to one decimal place. e.g. 20.0. QUESTION 9 Given the selected financial statement data for KRJ Enterprises presented below, calculate the current ratio. Note that all current asset accounts are listed. Present your answer to two decimal places. e.g. 20.00. Cash & marketable securities $146 Accounts receivable $439 Inventory $562 Other current assets $183 Fixed assets (net) $1,340 Intangible assets $243 Long-term investments $149 Total current liabilities $716 Long-term debt $723 Other long-term liabilities $108 Stockholders' equity $1,075

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