Use the following selected financial information for Cooler Company to answer the remaining test questions:

Net sales 2,870

Cost of goods sold 1,985

Gross profit 885

Operating expenses 620

Operating profit 265

Interest expense 40

Earnings before taxes 225

Income tax expense 80

Net profit 145

Accounts receivable 70

Inventory 150

Total current assets 260

Total assets 860

Accounts payable 85

Total current liabilities 130

Long-term debt 240

Total liabilities 370

Total stockholders' equity 490

Total liabilities and equity 860

Calculate the quick ratio.

Calculate the average collection period.

Calculate inventory turnover.

SHOW WORK.