Using the information provided, Compute the current ratio, gross profit rate, profit margin, inventory turnover, and days in inventory for 2012, 2013, and 2014.

Broadening Your Perspective 6-6 Heineken Electronics has enjoyed tremendous sales growth during the last 10 years. However, even though sales have steadily increased the company's CEO, Beth Dains, is concerned about certain aspects of its performance She has called a meeting with the corporate controller and the vice presidents of finance, operations, sales, and marketing to discuss the company's performance. Beth begins the meeting by making the following observations: We have been forced to take significant write-downs on inventory during each of the last three years because of obsolescence. In addition, inventory storage costs have soared. We rent four additional warehouses to store our increasingly diverse inventory. Five years ago inventory represented only 20% of the value of our total assets. It now exceeds 35%. Yet, even with a of this inventory, "stockouts measured by complaints by customers that the desired product is not available) have increased by 40% during the last three years. And worse yet, it seems that we constantly must discount merchandise that we have too much Beth asks the group to review the following data and make suggestions as to how the company's pertormance might be improved. (in millions) 2014 2013 2012 2011 Inventory Raw materials $242 $198 $155 $128 Work in process 116 77 49 33 Finished goods 567 482 398 257 Total inventory $925 $757 $602 $418 Current assets $1,800 $1,123 $1,183 $841 Total assets $2,643 $2,523 $2,408 $2,090 abilities $600 $590 $525 $420 Sales revenue $9,428 $8,674 $7,536 $6,840 Cost of goods sold $6,328 $5,474 $4,445 $3,557 Net income $754 $987 $979 $958