Use the information in the table below to calculate the following ratios for Windswept Woodworks for year 1 and year 2. Windswept Woodworks, Incorporated Input Data (millions of dollars) Accounts payable Accounts receivable Accumulated depreciation Cash & equivalents Common stock Cost of goods sold Depreciation expense Common stock dividends paid Interest expense Year 2 Year 1 542 474 1,386 6,852 920 1,290 1,510 330 6,722 218 1,210 n.a. ? n.a. ? n.a. 150 n.a. Inventory 1,120 1,116 Addition to retained earnings 602 Long-term debt 918 Notes payable 240 n.a. 826 390 Gross plant & equipment 10,300 10,040 Retained earnings 3,168 Sales 3,028 Other current liabilities 126 Tax rate 21% Market price per share - year end $ 19.80 2,566 n.a. 106 n.a. $ 17.50 Number of shares outstanding 500 million 500 million (For all requirements, round your answers to 2 decimal places.) Required: a. Interest coverage ratio (Assume that year 1 EBIT was 1,307 and year 1 interest expense was 120.) Year 2 interest coverage ratio Year 1 interest coverage ratio b. Average collection period (Assume that the accounts receivable balance was 960 on December 31 of the previous year and that year 1 sales were 2,728.) (Use 365 days in a year.) Year 2 ACP Year 1 ACP days days