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 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, total asset turnover ratio, and fixed asset turnover ratio.

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Blackwell Automotive Balance Sheet as of March 31, 2017 Liabilities and Equity: Assets: Cash and marketable securities Accounts receivable $ 23,015 141,258 212,444 $ 376,717 Accounts payable and accruals $ 163,257 21,115 Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total liabilities and equity $ 184,372 168,022 Inventory Total current assets Net plant and equipment Goodwill and other assets $ 352,394 313,299 711,256 89,879 512,159 $1,177,852 $1,177,852 Total assets