Please answer the Fixed Asset Turnover!

Will provide ratings if correct.

Thank you

Question 14 Crane Automotive's balance sheet at the end of its most recent fiscal year shows the following information: Assets: Cash and marketable sec. Accounts receivable Inventory Total current assets $164,000 30,000 Crane Automotive Balance Sheet as of March 31, 2017 Liabilities and Equity: $30,000 Accounts payable and accruals 155,000 Notes payable 242,000 $427,000 Total current liabilities Long-term debt Total liabilities 790,000 Common stock 96,000 Retained earnings $1,313,000 Total liabilities and equity $194,000 172,000 $366,000 323,000 624,000 $1,313,000 Net plant and equipment Goodwill and other assets Total assets In addition, it was reported that the firm had a net income of $193,000 on net sales of $4,650,000. Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.) Your answer is correct. What are the firm's current ratio and quick ratio? (Round answers to 2 decimal places, e.g.15.25.) Current Ratio T Quick Ratio 2.20 times 0.95 times SHOW SOLUTION VIDEO: SIMILAR PROBLEM EXCEL SOLUTION Your answer is partially correct. Try again. Calculate the firm's days' sales outstanding, total asset turnover ratio, and fixed asset turnover ratio. (Round answers to 2 decimal places, e.g.15.25. Use 365 days for calculation.) Days Sales Outstanding 12.17 days Total Asset Turnover 3.54 times Fixed Asset Turnover T times Click if you would like to Show Work for this question: Open Show Work