Question: - Based on the balance sheets and income statement in the previous problem. calculate the following ratios for 2008 (use 365 days x year). Use

- Based on the balance sheets and income statement in the previous problem. calculate the following ratios for 2008 (use 365 days x year). Use reading Cash and Operating Cycle as reference for some topics:\ Current ratio \ Quick ratio \ Cash ratio \ Inventory turnover \ Receivables turnover \ Days' sales in inventory \ Days' sales in receivables \ Total debt ratio \ Times interest earned ratio \ Cash coverage ratio

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