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

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.

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Blackwell Automotive Balance Sheet as of March 31, 2011 Liabilities and Equity Assets: Cash and marketable sec. Accounts receivable Inventories 23,015 Accounts payable and accruals 163,257 21,115 S 184,372 141,258 Notes payable 212,444 376,717 Total current liabilities Total current assets Long-term debt 68,022 352,394 313,299 512,159 $1,177,852 Net plant and equipment Goodwill and other assets 711,256 Total liabilities 89,899 Common stock Retained earnings Total assets $1,177,852 Total liabilities and equity