Question: Current Attempt in Progress You have been presented with the following selected information from the financial statements of one of Canada's largest dairy producers, Saputo

Current Attempt in Progress You have been presented with the following selected information from the financial statements of one of Canada's largest dairy producers, Saputo Inc. (in millions): 2019 2018 2017 Statement of financial position Accounts receivable Inventory Total current assets Total assets Current liabilities Total liabilities $1,248 1681 3.134 9,886 1.932 4.465 $ 945 1.234 2422 8,003 1,293 3,205 $863 1.172 2.380 7.597 1,193 3.274 Statement of income Sales Cost of goods sold Interest expense Income tax expense Net Income $13,502 9.179 67 230 755 $11,542 7.961 34 97 852 $11.163 7,680 37 309 731 (a) Calculate each of the following ratios for 2019 and 2018. (Round answers to 1 decimal place, es. 17.5% or 6.5: 1 or $2.6.) millons (a) Calculate each of the following ratios for 2019 and 2018. (Round answers to 1 decimal place, e.g. 17.5% or 6.5: 1 or $2.6.) (in millions) 2019 2018 1. Current ratio :1 :1 2 Receivables turnover times times 3 Inventory turnover times times 4. Debt to total assets % % 5 Times interest earned times times
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