Question: V Selected data from Gretchen's Bake Shop is presented below (in millions). End of Year Beginning of Year Cash & Cash Equivalents $740 $75 Accounts

V Selected data from Gretchen's Bake Shop is presented below (in millions). End of Year Beginning of Year Cash & Cash Equivalents $740 $75 Accounts Receivable 1,910 1,810 Inventory 830 870 Other Current Assets 890 475 Total Current Assets 4,370 3,230 Total Current Liabilities 2.400 1.590 Net credit sales - $8,258 million . Cost of goods sold - $5,328 million Net cash provided by operating activities - $1.251 million Compute the following (3 points each. Show your work!): 1. Current Ratio 2. Accounts Receivable Turnover 3. Average Collection Period 4. Inventory Tumover 5. Days in Inventory

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