Inventory Analysis A company reports the following: Cost of goods sold $468,660 78,110 Average inventory Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year. a. Inventory turnover b. Number of days' sales in inventory days Current Position Analysis The following items are reported on a company's balance sheet: Cash $268,600 Marketable 209,900 securities Accounts 215,000 receivable (net) Inventory 146,000 Accounts payable 365,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio