Question: Using the following financial statement data excerpts from KRJ Enterprises annual report, calculate the current ratio (note that all current asset accounts are listed). Present

 Using the following financial statement data excerpts from KRJ Enterprises annual

Using the following financial statement data excerpts from KRJ Enterprises annual report, calculate the current ratio (note that all current asset accounts are listed). Present your answer to two decimal places. e.g. 20.00. Cash & marketable securities Accounts receivable Inventory Other current assets Fixed assets (net) Intangible assets Long-term investments $156 $355 $473 $219 $1,097 $159 $270 Total current liabilities Long-term debt Other long-term liabilities Stockholders' equity $605 $967 $154 $276 QUESTION 4 In its most recent annual report Hewlett-Packard reported sales of $76,890 million and cost of goods sold of $56,258 million. Accounts payable at the beginning of the year was $13,947 million and at the end of the year $13,975 million. Inventory at the beginning of the year was $5,482 million and at the end of the year $5,750 million. Calculate the average days' sales in payables for the year. Present your answer to one decimal place. e.g. 20.0

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