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Use the information in the table below to calculate the following ratios for Windswept Woodworks for year 1 and year 2 . Windswept Woodworks, Incorporated

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)
Year 2 Year 1
Accounts payable 562494
Accounts receivable 1,406940
Accumulated depreciation 6,8726,742
Cash & equivalents 350238
Common stock 1,3101,230
Cost of goods sold 1,530 n.a.
Depreciation expense ? n.a.
Common stock dividends paid ? n.a.
Interest expense 170 n.a.
Inventory 1,1401,136
Addition to retained earnings 602 n.a.
Long-term debt 938846
Notes payable 260410
Gross plant & equipment 10,38010,120
Retained earnings 3,1882,586
Sales 3,048 n.a.
Other current liabilities 146126
Tax rate 21% n.a.
Market price per share year end $ 21.80 $ 19.50
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 140.) Year 2 Interest coverage ratio: 8.16 Year 1 Interest coverage ratio: 9.34 b. Average collection period (Assume that the accounts receivable balance was 980 on December 31 of the previous year and that year 1 sales were 2,748.)(Use 365 days in a year.)
Year 2 ACP: ?
Year 1 ACP: 127.51
c. Current ratio
Year 2 Current ratio: ?
Year 1 Current Ratio: 2.25
d. Quick ratio
Year 2 Quick ratio: ?
Year 1 Quick ratio: 1.14
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