Selected financial statement data for Grayson Ltd are presented below.

For the year, net sales were $3894 million, cost of sales was $2600 million, and cash from operations was $215 million. 

Required

Calculate the current ratio, quick ratio, current cash debt coverage, receivables turnover, average collection period, inventory turnover, and average days in inventory.

Transcribed Image Text:

Cash and cash equivalents Receivables (net) Inventory Prepaid expenses Total current assets Total current liabilities End of year ($m) $ 33 378 628 61 $1100 $ 690 Beginning of year ($m) $ 91 271 586 52 $1000 $ 627