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:

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

Current Liabilities

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.

2017

Current Ratio

Operating Cash Flow to Current Liabilities Ratio

Days Accounts Receivables Outstanding

Days Accounts Payable Outstanding

Inventory Turnover

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