Problem $2-5$

Selected $$nancial data for Amberjack Corporation follows.

Year $1($$ thousands$)$ Year $2($$ thousands$)$

Sales $333,234470,317$

Cost of goods sold $259,231351,404$

Net income $(165,084)(404,509)$

Cash $$ow from operations $(60,131)(22,283)$

Cash $342,180270,122$

Marketable securities $343,00237,900$

Accounts receivable $22,22136,548$

Inventories $6,60373,106$

Total current assets $714,006417,676$

Accounts payable $29,90823,758$

Accrued liabilities $45,550125,851$

Total current liabilities $75,458149,609$

Calculate the current and quick ratio at the end of each year.

Note: Round your answers to $1$ decimal place.

Assuming a $365-$day year for all calculations, compute the following:

The collection period each year based on sales.

The inventory turnover and the payables period each year based on cost of goods sold.

The days$$ sales in cash each year.

The gross margin and pro$$t margin each year.

Note: Round your answers to $1$ decimal place. Negative answers should be indicated by parentheses.