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Selected nancial data for Amberjack Corporation follows. Year 1 ($ thousands) Year 2 ($ thousands) Sales 273,161 460,445 Cost of goods sold 251,191 343,244 Net

Selected nancial data for Amberjack Corporation follows.

Year 1 ($ thousands) Year 2 ($ thousands)
Sales 273,161 460,445
Cost of goods sold 251,191 343,244
Net income (157,044) (403,709)
Cash ow from operations (58,815) (20,685)
Cash 341,380 269,122
Marketable securities 342,010 37,100
Accounts receivable 21,253 35,548
Inventories 6,499 72,306
Total current assets 711,142 414,076
Accounts payable 29,108 22,958
Accrued liabilities 44,558 125,051
Total current liabilities 73,666 148,009

Calculate the current and quick ratio at the end of each year.

Note: Round your answers to 1 decimal place.

Assuming a 365-day year for all calculations, compute the following:

The collection period each year based on sales.

The inventory turnover and the payables period each year based on cost of goods sold.

The days sales in cash each year.

The gross margin and prot margin each year.

Note: Round your answers to 1 decimal place. Negative answers should be indicated by parentheses.

Year 1 Year 2
A. Current Ratio
A. Quick Ratio
B1. Collection period
B2. Inventory turnover (x)
B3. Days' sales in cash

B4. Gross Margin

% %
B4. Profit Margin % %

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