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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:

  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.

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