Operating Asset Management Analysis Vision, Inc.'s comparative income statements and comparative balance sheets follow. Vision, Inc. Comparative Income Statements For the Years Ended December 31, 2014 and 2013 2014 2013 Net sales $360,000 $290,000 Cost of goods sold 224,000 176,000 Gross margin $136,000 $114,000 Operating expenses 80,000 60,000 Operating income $ 56,000 $ 54,000 Interest expense 14,000 10,000 Income before income taxes $ 42,000 $ 44,000 Income taxes expense 14,000 16,000 Net income $ 28,000 $ 28,000 Earnings per share $ 2.80 $ 2.80 Vision, Inc. Comparative Balance Sheets December 31, 2014 and 2013 2014 2013 Assets Current assets $ 48,000 $ 40,000 Property, plant, and equipment (net) 260,000 200,000 Total assets $308,000 $240,000 Liabilities and Stockholders' Equity Current liabilities $ 36,000 $ 44,000 Long-term liabilities 180,000 120,000 Stockholders' equity 92,000 76,000 Total liabilities and stockholders' equity $308,000 $240,000 Compute the current ratio, quick ratio, receivable turnover, days' sales uncollected, inventory turnover, days' inventory on hand, payables turnover, days' payable, and financing period for 2013 and 2014. Inventories were $8,000 in 2012, $10,000 in 2013, and $14,000 in 2014. Accounts receivable were $12,000 in 2012, $16,000 in 2013, and $20,000 in 2014. Accounts payable were $18,000 in 2012, $20,000 in 2013, and $24,000 in 2014. The company had no marketable securities or prepaid assets. Assume 365 days in a year. Round your answers to one decimal place. 2014 2013 Current ratio: times times Quick ratio: times times Receivable turnover: times times Days' sales uncollected: days days Inventory turnover: times times Days' inventory on hand: days days Payables turnover: times times Days' payable: days days Financing period: days days