Excerpts from Andre Company’s December 31, 2024 and 2023, fi…

Excerpts from Andre Company’s December 31, 2024 and 2023, financial statements are presented below: 20242023Accounts receivable$ 30,000$ 44,000Inventory28,00044,000Net sales (all credit)200,000190,000Cost of goods sold122,000118,000Total assets435,000407,000Total stockholders’ equity246,000236,000Net income33,00031,000 What is the receivables turnover ratio for 2024?Note: Round your answer to two decimal places.

A partial balance sheet for Captain D’s Sportswear is shown…

A partial balance sheet for Captain D’s Sportswear is shown below:(dollars in thousands) Assets: Liabilities and Stockholder’s Equity:Cash$ 60Accounts payable$ 240Accounts receivable (net)170Other liabilities80Investments50Total current liabilities320Inventory200Long-term liabilities110Prepaid rent25Total liabilities430Total current assets505Common stock150 Retained earnings180Property & Equipment, (net)255Total stockholders’ equity330Total assets$760Total liabilities and equity$760 What is the company’s current ratio?Note: Round your answer to two decimal places.