Question
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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