Question: a Based on these data calculate the following for 2010

a. Based on these data, calculate the following for 2010 and 2009:
1. Days’ sales in receivables
2. Accounts receivable turnover (gross receivables at year- end)
3. Days’ sales in inventory
4. Inventory turnover (use inventory at year- end)
5. Working capital
6. Current ratio
7. Acid- test ratio
b. Comment on each ratio individually
c. Comment on the apparent total liquidity

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