Use the information in the table below to calculate the following ratios for Windswept Woodworks for year 1 and year 2. (Round your answers to 2 decimal places.)

Use the information in the table below to calculate the following ratios for Windswept Woodworks for year 1 and year 2. (Round your answers to 2 decimal places.) Windswept Woodworks, Inc. Input Data (millions of dollars) Year 2 Accounts payable 484 Accounts receivable 1,328 Accumulated depreciation 6,794 Cash & equivalents 272 Common stock 1,232 Cost of goods sold 1,500 Depreciation expense ? Common stock dividends paid ? Interest expense 140 Inventory 1,062 Addition to retained earnings 602 Long-term debt 860 Notes payable 230 Gross plant & equipment 10,260 Retained earnings 3,110 Sales 3,018 Other current liabilities 116 Tax rate 34% Market price per share year end $ 19.80 Number of shares outstanding 500 million Year 1 424 870 6,672 168 1,160 n.a. n.a. n.a. n.a. 1,066 n.a. 776 380 10,000 2,516 n.a. 96 n.a. $ 17.50 500 million a. Interest coverage ratio (Assume that year 1 EBIT was 1,297 and year 1 interest expense was 120.) Year 2 interest coverage ratio 10.81 x Year i interest coverage ratio 7.51 x b. Average collection period (Assume that the accounts receivable balance was 950 on December 31 of the previous year and that year 1 sales were 2,700.) Year 2 ACP 122.90 days Year 1 ACP 132.73 days c. Current ratio Year 2 current ratio 2.62 Year 1 current ratio 3.73 d. Quick ratio 1.29 Year 2 quick ratio Year 1 quick ratio 2.24 x