Selected nancial data for Amberjack Corporation follows.

	Year 1 ($ thousands)	Year 2 ($ thousands)
Sales	277,161	465,381
Cost of goods sold	255,211	347,324
Net income	(161,064)	(404,109)
Cash ow from operations	(59,635)	(21,383)
Cash	341,780	269,622
Marketable securities	342,506	37,500
Accounts receivable	21,737	36,048
Inventories	6,551	72,706
Total current assets	712,574	415,876
Accounts payable	29,508	23,358
Accrued liabilities	45,054	125,451
Total current liabilities	74,562	148,809

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

   Note: Round your answers to 1 decimal place.

2. 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 prot margin each year.

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