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Selected nancial data for Amberjack Corporation follows. Year 1 ($ thousands) Year 2 ($ thousands) Sales 332,234 469,083 Cost of goods sold 258,226 350,384 Net
Selected nancial data for Amberjack Corporation follows.
Year 1 ($ thousands) | Year 2 ($ thousands) | |
---|---|---|
Sales | 332,234 | 469,083 |
Cost of goods sold | 258,226 | 350,384 |
Net income | (164,079) | (404,409) |
Cash ow from operations | (60,007) | (22,058) |
Cash | 342,080 | 269,997 |
Marketable securities | 342,878 | 37,800 |
Accounts receivable | 22,100 | 36,423 |
Inventories | 6,590 | 73,006 |
Total current assets | 713,648 | 417,226 |
Accounts payable | 29,808 | 23,658 |
Accrued liabilities | 45,426 | 125,751 |
Total current liabilities | 75,234 | 149,409 |
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.
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