P I1-10 The following data apply to items (a) through (g): JOHANSON COMPANY Statement of Financial Position December 31, 2010 and 2011 20102011 (In thousands) Assets Current assers: Cash and temporary investments Accounts receivable (net) Inventories Total current assets Long-term assets: Land Building and equipment (net) Total long-term assets Total assets JOHANSON COMB AW a. The acid-test ratio for 2011 is 1. 1.1-to-1. 2. 0.9to-1. 3. 1.8-to-1 4. 0.2 to-1. 5. 0.17501. b. The average number of days" sales outstanding in 2011 is 1. 18 days. 2. 360 days. 3. 20 days: 4. 4.4 days. 5. 80 days. c. The rimes interest earned ratio for 2011 is 1. 3.0 times. 2. 1.0 time. 3. 72.0 times. 4. 2,0 times, 5. 6.0 times. d. The asset rurnover in 2011 is 1. 3,2 times. 2. 1.7 times. 3. 0.4 time. 4. 1.1 times. 5. 0.13 time. e. The inventory turnover in 2011 is 1. 13.6 times. 2. 12.5 times. 3. 0.9 time. 4. 7.0 times. 5. 51.4 times. f. The operating income margin in 2011 is 1. 2.7%. 2. 91.7%. 3. 52.5%. 4. 95.8%. 5. 8.3%. g. The dividend payout ratio in 2011 is 1. 100%. 2. 36%. 3. 20%. 4. 8.8%. 5. 33.3%