The following information is available about Alex company.

 Average cash and marketable securities = $1 million 

Earnings Before Interest and Tax = $2 million

 Average inventory = $5 million 

Cost of Goods Sold = $15 million 

Average accounts payable = $3 million 

Long-term loan = $8 million 

Average accounts receivable = $3 million 

Interest rate on loan = 10% 

Total Sales = $20 million 

Calculate the following: 

a) Inventory turnover ratio 

b) Current ratio 

c) Quick ratio and