Selected financial data for Amberjack Corporation follows. Sales Year 1 ($ thousands) Year 2 ($ thousands)...

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Selected financial data for Amberjack Corporation follows. Sales Year 1 ($ thousands) Year 2 ($ thousands) 477,721 339,270 Cost of goods sold 265,261 357,524 Net income ed (171,114) (405,109) Cash flow from operations (60,875) (23,603) Cash 342,780 270,872 Marketable securities 343,746 38,500 Accounts receivable 22,947 37,298 Inventories 6,681 73,706 Total current assets 716.154 420,376 Accounts payable 30,508 24,358 Accrued liabilities 46,294 126,451 Total current liabilities 76,802 150,809 nces 13 a. Calculate the current and quick ratio at the end of each year. Note: Round your answers to 1 decimal place. b. Assuming a 365-day year for all calculations, compute the following: 1. The collection period each year based on sales. 2 The Inventory turnover and the payables period each year based on cost of goods sold. 3. The days sales in cash each year. 4. The gross margin and profit margin each year. Note: Round your answers to 1 decimal place. Negative answers should be indicated by parentheses. a. Current ratio a. Quick ratio b1. Collection penod b2. Inventory turnover (X) b2 Payables period (days) 63. Days' sales in cash b4. Gross margin 64. Profit margin Year 1 Year 2 Selected financial data for Amberjack Corporation follows. Sales Year 1 ($ thousands) Year 2 ($ thousands) 477,721 339,270 Cost of goods sold 265,261 357,524 Net income ed (171,114) (405,109) Cash flow from operations (60,875) (23,603) Cash 342,780 270,872 Marketable securities 343,746 38,500 Accounts receivable 22,947 37,298 Inventories 6,681 73,706 Total current assets 716.154 420,376 Accounts payable 30,508 24,358 Accrued liabilities 46,294 126,451 Total current liabilities 76,802 150,809 nces 13 a. Calculate the current and quick ratio at the end of each year. Note: Round your answers to 1 decimal place. b. Assuming a 365-day year for all calculations, compute the following: 1. The collection period each year based on sales. 2 The Inventory turnover and the payables period each year based on cost of goods sold. 3. The days sales in cash each year. 4. The gross margin and profit margin each year. Note: Round your answers to 1 decimal place. Negative answers should be indicated by parentheses. a. Current ratio a. Quick ratio b1. Collection penod b2. Inventory turnover (X) b2 Payables period (days) 63. Days' sales in cash b4. Gross margin 64. Profit margin Year 1 Year 2

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The image provided contains a financial statement for Amberjack Corporation for two years detailing various financial metrics such as sales cost of go... View the full answer