Matthias Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow.

Required
Calculate the following liquidity ratios for 2016.
a. Working capital
b. Current ratio
c. Acid-test ratio
d. Accounts receivable turnover
e. Average collection period
f. Inventory turnover
g. Average days to sell inventory

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Matthias Medical Comparative Balance Sheet As of December 31 2016 2015 Current assets 382,600 417,400 776,400 1,065,370 Accounts receivable, net Inventory Other current assets 381,300 2,546,270 8,678,000 $11,224,270 247,000 2,121,800 8,440,100 $10,561,900 Total current assets Property, plant,&equipment, net Liabilities and Stockholders Equity Current liabilities 3,162,800 2,000 3,892,600 3,702,600 6,865,400 Total liabilities 6,738,600 Preferred stock, $5 par value Common stock, $0.25 par value Retained earnings 104,600 4,195,370 4,358,870 Total liabilities and stockholders' equity$11,224,270 103,800 3,660,600 3,823,300 $10,561,900 Total stockholders' equity Matthias Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2016 $10,177,200 5,611,600 4,565,600 2,840,200 1,725,400 2015 Sales revenue (all on account) Cost of goods sold $9,613,900 5,298,700 Operating expenses Net operating income nterest expense Net income before taxes Income taxes (30%) Net income 2,634,100 1,681,100 1,425,100 427,530 S 997,570 1,372,500 411,750 $ 960,750 Dividends paid Preferred dividends Common dividends Total dividends paid 433,350 462,800 Net income retained Retained earnings, beginning of year Retained earnings, end of year 413,000 442,450 518,300 3,142,300 $3,660,600 3,660,600 S4,195,370