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When required, round your intermediate computations and answers to two decimal places. Assume that the ending balance of last year's accounts receivable and inventory is
When required, round your intermediate computations and answers to two decimal places. Assume that the ending balance of last year's accounts receivable and inventory is the average for last year computations. Assume 365 days per year. Required: 1. Compute the following ratios for each year: Line Item Description This Year Last Year a. Current ratio fill in the blank 1 1.63 fill in the blank 2 1.94 b. Quick ratio fill in the blank 3 0.58 fill in the blank 4 0.71 c. Receivables turnover fill in the blank 5 86.45 days fill in the blank 6 60.83 days d. Inventory turnover fill in the blank 7 365 days fill in the blank 8 297.96 days 2. Conceptual Connection: Has the liquidity of Kepler improved over the past year? No
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