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You have been presented with the following selected information from the financial statements of one of Canadas largest dairy producers, Saputo Inc. (in $ millions):

You have been presented with the following selected information from the financial statements of one of Canadas largest dairy producers, Saputo Inc. (in $ millions):

2019 2018 2017
Statement of financial position
Accounts receivable $1,248 $ 945 $ 863
Inventory 1,681 1,234 1,172
Total current assets 3,134 2,422 2,380
Total assets 9,886 8,003 7,597
Current liabilities 1,932 1,293 1,193
Total liabilities 4,465 3,205 3,274
Statement of income
Sales $13,502 $11,542 $11,163
Cost of goods sold 9,179 7,961 7,680
Interest expense 67 34 37
Income tax expense 230 97 309
Net income 755 852 731

(a) Calculate each of the following ratios for 2019 and 2018. (Round answers to 1 decimal place, e.g. 17.5% or 6.5: 1 or $2.6.)

(in millions) 2019 2018
1. Current ratio : 1 : 1
2. Receivables turnover times times
3. Inventory turnover times times
4. Debt to total assets % %
5. Times interest earned times times

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