Blackwell Automotive’s balance sheet at the end of its most

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


Blackwell Automotive's balance sheet at the end of its most


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

Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.

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