The following information has been extracted from the financial statements and the notes of Tracy Ltd. (12 marks)

	2021	2020
Cash assets	$33 100	$35 900
Marketable securities	107 000	100 300
Receivables	72 500	73 900
Inventories	182 000	166 800
Prepaid expenses	4 200	6 300
Property, plant and equipment	300 000	258 700
Current liabilities	178 200	160 500
Revenue (on credit)	950 600	902 900
Cost of sales	570 700	532 800

Required

Calculate the following for 2021 to one decimal place (show all workings):

1. current ratio
2. quick ratio
3. receivables turnover ratio
4. average collection period of accounts receivable
5. inventory turnover ratio
6. average period for inventory turnover.