Question: Selected financial statement data for Jamestown Resorts for the year ending January 31, 2008, are as follows: For the year, net sales were $5,634 million,

Selected financial statement data for Jamestown Resorts for the year ending January 31, 2008, are as follows:

For the year, net sales were $5,634 million, and cost of goods sold was $3,766 million. Compute the four liquidity ratios at the end of the currentyear.

JAMESTOWN RESORTS, INC. Balance Sheet (partial) (in millions) End of Year Beginning of Year S 331 699 Cash and cash equivalents Receivables (less allowance of $23 and $17) Merchandise inventory Prepaid expenses Other current assets Total current assets 37 102 $2,057 $ 950 S 25 722 946 29 91 $1.813 Total current liabilities 951

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