The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.

Tax rate 40%
Stock price $17.00
Shares outstanding 3,800,000
Dividends are 50% of net income

Income Statement
Period Ending 31-Dec-13
Total Revenue 148,239,000
COGS 118,094,000
Selling General and Administrative 13,384,000
Depreciation 72,000
Earnings Before Interest And Taxes 16,689,000
Interest Expense 829,000
Income Before Tax 15,860,000
Income Tax Expense (40%) 6,344,000

Net Income 9,516,000
Balance Sheet
Date 31-Dec-13
Assets
Current Assets
Cash 14,468,000
Net Receivables 98,359,000
Inventory 18,758,000
Total Current Assets 131,585,000

Property Plant and Equipment 70,441,000

Total Assets 202,026,000

Liabilities
Current Liabilities
Accounts Payable 22,446,500
Accruals 14,315,500
Notes Payable 3,631,000
Total Current Liabilities 40,393,000

Long Term Debt 134,919,000

Total Liabilities 175,312,000

Stockholders' Equity
Common Stock 40,000
Retained Earnings 26,674,000

Total Stockholder Equity 26,714,000

Total Assets 202,026,000

Question/Problem 1) (Worth 30 points)
1. What is the firm's current ratio?
2. What is the firm's days-sales-outstanding (DSO)? Assume a 360-day year for this calculation.
3. What is the firm's total assets turnover?
4. What is the firm's inventory turnover ratio?