What do the liquidity ratios—current, quick, and cash-to-sales—reveal about jcp’s financial position for the eight quarters spanning q1 2011 to q4 2012? what do the leverage ratios—debt-to-capital, interest coverage, and cash-to-debt—reveal about jcp’s financial position for the eight quarters spanning q1 2011 to q4 2012? how has jcp managed its working capital accounts over the past eight quarters? is there an opportunity to squeeze more cash from any of these accounts?

Harris fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. at the beginning of the year, it estimated that 34,000 direct labor-hours would be required for the period’s estimated level of production. the company also estimated $599,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. harris's actual manufacturing overhead for the year was $768,234 and its actual total direct labor was 34,500 hours.required: compute the company's predetermined overhead rate for the year. (round your answer to 2 decimal places.)