Selected financial data for Amberjack Corporation follows. Sales Cost of goods sold Net income Cash flow...

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Selected financial data for Amberjack Corporation follows. Sales Cost of goods sold Net income Cash flow from operations Cash Marketable securities Accounts receivable Inventories Total current assets Accounts payable Accrued liabilities Total current liabilities Year 1 ($ Year 2 ($ thousands) thousands) 337,252 263, 251 (169,104) (60,627) 342,580 343,498 22,705 6,655 715,438 30,308 46,046 76,354 475,253 355,484 (404,909) (23, 165) 270, 622 38,300 37,048 73,506 419,476 24,158 126,251 150,409 a. Calculate the current and quick ratio at the end of each year. Note: Round your answers to 1 decimal place. b. Assuming a 365-day year for all calculations, compute the following: i. The collection period each year based on sales. ii. The inventory turnover and the payables period each year based on cost of goods sold. iii. The days' sales in cash each year. iv. The gross margin and profit margin each year. Note: Round your answers to 1 decimal place. Negative answers should be indicated by parentheses. Selected financial data for Amberjack Corporation follows. Sales Cost of goods sold Net income Cash flow from operations Cash Marketable securities Accounts receivable Inventories Total current assets Accounts payable Accrued liabilities Total current liabilities Year 1 ($ Year 2 ($ thousands) thousands) 337,252 263, 251 (169,104) (60,627) 342,580 343,498 22,705 6,655 715,438 30,308 46,046 76,354 475,253 355,484 (404,909) (23, 165) 270, 622 38,300 37,048 73,506 419,476 24,158 126,251 150,409 a. Calculate the current and quick ratio at the end of each year. Note: Round your answers to 1 decimal place. b. Assuming a 365-day year for all calculations, compute the following: i. The collection period each year based on sales. ii. The inventory turnover and the payables period each year based on cost of goods sold. iii. The days' sales in cash each year. iv. The gross margin and profit margin each year. Note: Round your answers to 1 decimal place. Negative answers should be indicated by parentheses.

Answer rating: 100% (QA)

a Current Ratio Year 1 7 15 438 76 354 9 39 Year 2 419 476 150 409 2 79 Quick Ra... View the full answer