hello need help with according homework

Problem 16-43Liquidity Analysis

The following selected information is taken from the financial statements of Arnn Company for its most recent year of operations:

Beginning balances:
Inventory	$200,000
Accounts receivable	300,000
Ending balances:
Inventory	$250,000
Accounts receivable	400,000
Cash	$100,000
Marketable securities (short-term)	200,000
Prepaid expenses	50,000
Accounts payable	175,000
Taxes payable	85,000
Wages payable	90,000
Short-term loans payable	50,000

During the year, Arnn had net sales of $2.45 million. The cost of goods sold was $1.3 million.

Required:

Note: Round all answers to two decimal places.

• 1.Compute the current ratio.
• 2.Compute the quick or acid-test ratio.
• 3.Compute the accounts receivable turnover ratio.
• 4.Compute the accounts receivable turnover in days.
• 5.Compute the inventory turnover ratio.
• 6.Compute the inventory turnover in days.

Problem 16-43 Name: Enter the appropriate amounts or formulas in the gray-shaded cells. An asterisk (*) will appear in the column to the right of an incorrect amount. 1. Current assets / Current liabilities = Current ratio Quick assets / Current liabilities = Current ratio Net sales / Average receivables = Turnover Current ratio: 2. Quick ratio: 3. Accts. rec. turnover: times per year 4. Accts. rec. turnover in days: 5. Inventory turnover ratio: 6. Inventory turnover in days: Days of year / Accts. rec. turnover = Turnover in days days Cost of goods sold / Average inventory Inventory = turnover ratio times per year Days of year / Inventory turnover = Turnover in days days