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Business, 22.02.2021 18:50 rodriguezg16

The balance sheet and income statement of a firm are shown below. Note that the firm has no amortization charges, it does not lease any assets, and none of its debt must be retired during the next 5 years (numbers are in millions). BALANCE SHEET

Cash $140.0
Accounts payable $800.0
Accts. receivable 880.0
Notes payable 600.0
Inventories 1,320.0
Accruals 400.0
Total current assets $2,340.0
Total current liabilities $1,800.0
Long-term bonds 1,000.0
Total debt $2,800.0
Common stock (50,000 shares) 200.0
Retained earnings 1,000.0
Net sales $51,600
Operating costs except depreciation 48,246
Depreciation 903
Earnings bef interest and taxes (EBIT) $2,451
Less interest 927
Earnings before taxes (EBT) $1,524
Taxes 533
Net income $990

Required:
a. What is the firm's current ratio?
b. What is the firm's quick ratio?
c. What is the firm's days sales outstanding? Assume a 365-day year for this calculation.
d. What is the firm's total assets turnover?
e. What is the firm's inventory turnover ratio?

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