Previous Question was answered incorrectly!! The following table gives abbreviated balance sheets and income statements for Starbucks (figures in $ millions). Balance Sheet End of Year Start of Year Assets Current assets: Cash and marketable securities 1,844 3,234 Accounts receivable 948 839 Inventories 1,091 1,111 Other current assets 285 288 Total current assets 4,169 5,471 Fixed assets: Net fixed assets 3,519 3,201 Other long-term assets 3,064 2,845 Total assets 10,752 11,517 Liabilities and Shareholders' Equity Current liabilities: Accounts payable 2,244 1,940 Other current liabilities 795 3,438 Total current liabilities 3,039 5,378 Long-term debt 2,048 1,299 Other long-term liabilities 394 360 Total liabilities 5,481 7,037 Total shareholders' equity 5,272 4,480 Total liabilities and shareholders equity 10,752 11,517 Income Statement Net sales 16,448 Cost of goods sold 6,859 Selling, general, and administrative expenses 5,655 Depreciation 710 Earnings before interest and taxes (EBIT) 3,224 Interest expense 64 Taxable income 3,160 Tax 1,092 Net income 2,068 Dividends 783 Addition to retained earnings 1,285 Assume a tax rate of 35%. Calculate the following using balance-sheet figures from the start of the year: c. Calculate the sales-to-assets ratio. (Round your answer to 2 decimal places.) Sales-to-assets ratio d. Calculate the inventory turnover. (Round your answer to 2 decimal places.) Inventory turnover e. Calculate the debt-equity ratio. (Round your answer to 2 decimal places.) Debt-equity ratio f. Calculate the current ratio. (Round your answer to 3 decimal places.) Current ratio g. Calculate the quick ratio. (Round your answer to 4 decimal places.) Quick ratio