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Sandhill Automotives balance sheet at the end of its most recent fiscal year shows the following information: Sandhill Automotive Balance Sheet as of March 31,

Sandhill Automotives balance sheet at the end of its most recent fiscal year shows the following information: Sandhill Automotive Balance Sheet as of March 31, 2017 Assets: Liabilities and Equity: Cash and marketable sec. $38,000 Accounts payable and accruals $163,000 Accounts receivable 166,000 Notes payable 28,000 Inventory 227,000 Total current assets $431,000 Total current liabilities $191,000 Long-term debt 166,000 Total liabilities $357,000 Net plant and equipment 710,000 Common stock 310,000 Goodwill and other assets 99,000 Retained earnings 573,000 Total assets $1,240,000 Total liabilities and equity $1,240,000 In addition, it was reported that the firm had a net income of $178,000 on net sales of $4,200,000.

What are the firms current ratio and quick ratio? (Round answers to 2 decimal places, e.g.15.25.)

Current Ratio

times
Quick Ratio

times

Calculate the firms days sales outstanding, total asset turnover ratio, and fixed asset turnover ratio. (Round answers to 2 decimal places, e.g.15.25. Use 365 days for calculation.)
Days Sales Outstanding

days
Total Asset Turnover

times
Fixed Asset Turnover

times

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