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The below has been extracted from the financial statements and notes of Bokarina Ltd: 2011 2010 Cash assets $ 66,200 $ 71,800 Marketable securities 214,000
The below has been extracted from the financial statements and notes of Bokarina Ltd: 2011 2010 Cash assets $ 66,200 $ 71,800 Marketable securities 214,000 200,600 Receivables 145,000 147,800 Inventories 364,000 333,600 Prepaid expenses 8,400 12,600 Property, plant and equipment 600,000 517,400 Current liabilities 356,400 321,000 Credit sales 1,901,200 1,805,800 Cost of sales 1,141,400 1,065,600 Calculate the following ratios for 2011 to one decimal place: Current ratio = :1* Quick ratio = :1* Receivables turnover ratio = times* Average collection period of accounts receivable = days** Inventory turnover ratio = times* Average period for inventory turnover = days** *(Round your answer to one decimal place. The tolerance is +/-0.1.) **(Round your answer whole number. The tolerance is +/-1.)
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