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			Year 1
Accounts payable		424			374
Accounts receivable		1,268			820
Accumulated depreciation		6,734			6,622
Cash & equivalents		212			118
Common stock		1,172			1,110
Cost of goods sold		1,500			n.a.
Depreciation expense		?			n.a.
Common stock dividends paid		?			n.a.
Interest expense		140			n.a.
Inventory		1,002			1,016
Addition to retained earnings		602			n.a.
Long-term debt		800			726
Notes payable		230			380
Gross plant & equipment		10,260			10,000
Retained earnings		3,050			2,466
Sales		3,018			n.a.
Other current liabilities		116			96
Tax rate		34	%		n.a.
Market price per share year end	$	19.80		$	17.50
Number of shares outstanding		500	million		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
Year 1 interest coverage ratio

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	days
Year 1 ACP	days

c. Current ratio

Year 2 current ratio
Year 1 current ratio

d. Quick ratio

Year 2 quick ratio
Year 1 quick ratio