Sandhill Co, follows ASPE. It manufactures sweatshirts for sale to athletic-wear retailers. The following summary information was available for Sandhill for the year ended December 31, 2022; During 2023, Sandhill had the following transactions: 1. Total sales were $495 , 000 . Of the total sales amount, $240 , 000 was on a credit basis. 2. On June 30 , a $45 , 000 account receivable of a major customer was settled, with $ andhill accepting a $45 , 000 , one-year, 11% note, with the interest payable at maturity. 3. Sandhill collected $190 , 000 on accounts receivable during the year. 4. At December 31, 2023, Cash had a balance of $17 , 000 , Imventory had a balance of $84 , 000 , Accounts Payable was $79 , 000 , and Accrued Liabilities was $16 , 000 . Calculate the current ratio and the receivables turnover ratio for Sandhill at December 31. 2023. (Round answers to 2 decimal places, es. 1.25.) Current Ratio Accounts Receivable Turnover times.

1. Sandhill Co, follows ASPE. It manufactures sweatshirts for sale to athletic-wear retailers. The
following summary information was available for Sandhill for the year ended December 31,
2022; During 2023, Sandhill had the following transactions: 1. Total sales were $495 , 000 . Of
the total sales amount, $240 , 000 was on a credit basis. 2. On June 30 , a $45 , 000 account
receivable of a major customer was settled, with $ andhill accepting a $45 , 000 , one-year, 11%
note, with the interest payable at maturity. 3. Sandhill collected $190 , 000 on accounts
receivable during the year. 4. At December 31, 2023, Cash had a balance of $17 , 000 ,
Imventory had a balance of $84 , 000 , Accounts Payable was $79 , 000 , and Accrued Liabilities
was $16 , 000 . Calculate the current ratio and the receivables turnover ratio for Sandhill at
December 31. 2023. (Round answers to 2 decimal places, es. 1.25.) Current Ratio Accounts
Receivable Turnover times