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Selected financial data for Amberjack Corporation follows. a. Calculate the current and quick ratio at the end of each year. Note: Round your answers to

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Selected financial data for Amberjack Corporation follows. a. Calculate the current and quick ratio at the end of each year. Note: Round your answers to 1 decimal place. b. Assuming a 365-day year for all calculations, compute the following: i. The collection period each year based on sales. ii. The inventory turnover and the payables period each year based on cost of goods sold. iii. The days' sales in cash each year. iv. The gross margin and profit margin each year. Note: Round your answers to 1 decimal place. Negative answers should be indicated by parenthese \begin{tabular}{|l|l|l|l|} \hline 1. Current ratio & \multicolumn{2}{|c|}{ Year 1 } & \\ \hline 1. Quick ratio & & & \\ \hline 2a. Collection period & & & \\ \hline 2b. Inventory turnover (X) & & & \\ \hline 2b. Payables period (days) & & & \\ \hline 2c. Days' sales in cash & & & \\ \hline 2d. Gross margin & & % & % \\ \hline 2d. Profit margin & % & % \\ \hline \end{tabular}

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