b) Current ratio = Current assets / Current liabilities Interpret your results [2 marks] [1 mark] c) d) Quick ratio [Current assets - (inventory + other less liquid items)]/Current liabilities Interpret your results [2 marks] [1 mark] Inventory turnover = Cost of Goods sold / Average inventory Interpret your results [2 marks] [1 mark] e) Accounts Receivable turnover = Credit sales / Accounts Receivable [2 marks] Interpret your results [1 mark] f) Accounts payable turnover Credit purchases / Accounts Payable (All purchases are on credit) [2.5 marks] Interpret your results [1 mark] g) What is the cash conversion cycle of the company? [1.5 marks] [20 marks]