Question: Current and Quick Ratios Ace Industries has current assets equal to $7 million. The company's current ratio is 2.5, and its quick ratio is 2.2.

 Current and Quick Ratios Ace Industries has current assets equal to$7 million. The company's current ratio is 2.5, and its quick ratio

Current and Quick Ratios Ace Industries has current assets equal to $7 million. The company's current ratio is 2.5, and its quick ratio is 2.2. What is the firm's level of current liabilities? What is the firm's level of inventories? Do not round intermediate calculations. Round your answers to the nearest dollar. Current liabilities: $ Inventories: $ DuPont Analysis Gardial & Son has an ROA of 12%, a 4% profit margin, and a return on equity equal to 21%. What is the company's total assets turnover? What is the firm's equity multiplier? Do not round intermediate calculations. Round your answers to two decimal places. Total assets turnover: Equity multiplier

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