Selected financial data for Amberjack Corporation follows. Year 1 ($ thousands) 336,243 262,246 (168,099) (60,503) 342,480 343,374 22,584 6,642 Sales Cost of goods sold Net income Cash flow from operations Cash Marketable securities Accounts receivable Inventories Total current assets Accounts payable Accrued liabilities Total current liabilities 715,080 30,208 45,922 76,130 Year 2 ($ thousands) 474,019 354,464 (404,809) (22,946) 270,197 38,200 36,923 73,406 419,026 24,058 126,151 150,209 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: 1. The collection period each year based on sales. 2. The inventory turnover and the payables period each year based on cost of goods sold. 3. The days' sales in cash each year. 4. The gross margin and profit margin each year. Note: Round your answers to 1 decimal place. Negative answers should be indicated by parentheses.

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: 1. The collection period each year based on sales. 2. The inventory turnover and the payables period each year based on cost of goods sold 3. The days' sales in cash each year. 4. The gross margin and profit margin each year. Note: Round your answers to 1 decimal place. Negative answers should be indicated by parenthese