Question: Selected financial data for Widget Unioned is presented below, use the information to answer the following questions: Current Assets As of Dec. 31, 201 7
Selected financial data for Widget Unioned is presented below, use the information to answer the following questions:
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| Current Assets | As of Dec. 31, 2017 | Dec. 31, 2016 |
| Cash and short-term investments | $1,267,038 | $ 616,604 |
| Accounts Receivable (net) | 490,816 | 665,828 |
| Inventories | 338,599 | 487,505 |
| Prepaid Expenses and other current assets | 292,511 | 291,915 |
| Total Current Assets | $2,388,964 | $2,061,852 |
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| Current Liabilities |
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| Short-term borrowings | $ 25,190 | $ 38,108 |
| Current portion of long-term debt | 182,295 | 210,090 |
| Accounts payable | 296,307 | 334,247 |
| Accrued liabilities | 941,912 | 743,999 |
| Income taxes payable | 203,049 | 239,793 |
| Total Current Liabilities | 1,648,753 | 1,566,237 |
| Selected Income Statement Data - for the year ending December 31, 2017: | |
| Net Sales | $4,880,000 |
| Cost of Goods Sold | 2,542,353 |
| Operating Income | 733,541 |
| Net Income | 230,101 |
| Selected Statement of Cash Flow Data - for the year ending December 31, 2017: | |
| Cash Flows from Operations | $1,156,084 |
Please compute the financial ratios below and calculations into the table below.
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| 2017 |
| Current Ratio | |
| Operating Cash Flow to Current Liabilities Ratio | |
| Days Accounts Receivables Outstanding |
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| Days Accounts Payable Outstanding |
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| Inventory Turnover |
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