(21 points - 3 each) Booker Corporation had the following comparative current assets and current liabilities: Dec 31, 2015 Dec 31, 2014 Current assets Cash Short-term investments Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accounts payable Salaries payable Income tax payable Total current liabilities $ 60,000 $ 30,000 40,000 10,000 55,000 95,000 110,000 90,000 35,000 20,000 $300,000 $245,000 $140,000 $110,000 40,000 30,000 20.000 15.000 $200,000 $155,000 During 2015, credit sales and cost of goods sold were $750,000 and $400,000, respectively. Instructions Compute the following liquidity measures for 2015: 1. Current ratio. 2. Working capital. 3. Acid-test ratio. 4. Accounts receivable turnover. 5. Days sales in accounts receivable 6. Inventory turnover. 7. Days sales in inventory