Blackwell Automotive' s balance sheet at the end of its most recent fiscal year shows the following information:

Blackwell Automotive

Balance Sheet as of March 31, 2013

In addition, it was reported that the firm had a net income of $156,042 on net sales of $4,063,589.
a. What are the firm's current ratio and quick ratio?
b. Calculate the firm's days' sales outstanding (DSO), total asset turnover ratio, and fixed asset turnover ratio?

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Liabilities and Equity Accounts payable and accruals Assets Cash and marketable sec. Accounts receivable Inventories S 23,015 141258 Notes payable 212,444 S 163,257 21,115 S 184,372 Total current liabilities Total curent assets 376,717 Long-term debt 168,022 S 352,394 313,299 512,159 1,177,852 Net plant and equipment Goodwill and other assets 711,256 Total liabilities 89.899Common stock Retained earmings Total assets S1,177,852 Total liabilities and equity