The following information relates to Harris Corporation.

Assignment 08 BU330 Accounting for Managers Directions:Be sure to make an electronic copy of your answer before submitting it to Ashworth College for grading. Financial Statement Analysis The following information relates to Harris Corporation. Account Current year Prior year Net sales (all credit) $520,125 $499,500 Cost of goods sold $375,960 $353,600 Gross profit $144,165 $145,900 Income from operations $ 95,500 $ 79,900 Interest expense $ 23,500 $ 19,500 Net income $ 57,600 $ 51,600 Cash $ 30,600 $ 15,900 Accounts receivable, net $ 33,800 $ 23,200 Inventory $ 42,000 $ 30,300 Prepaid expenses $ 2,000 $ 1,500 Total current assets $ 108,400 $ 70,900 Total long-term assets $ 62,000 $ 38,000 Total current liabilities $ 46,000 $ 41,600 Total long-term liabilities $ 20,000 $ 22,700 Common stock, no par, 3,000 shares, value $50/share $ 30,000 $ 30,000 Required: What is the acid-test ratio for the current year?What is the inventory turnover for the current year?What is days’ sales in receivables for the current year?What is the book value per share of common stock for the current year?What is the price-earnings ratio for the current year?What is the rate of return on total assets for the current year?What is the times-interest-earned ratio for the current year?What is the current ratio for the current year? This is the end of Assignment 08.