3 The following inform Income Statement Net Sales Cost of Goods Sold Interest expense Income tax expense related to Blanton Corporation: fe nation - for the year ending December 31, 2020: Total operating expenses Balance sheet information - December 31: Cash and short-term investments Accounts Receivable (net) joints $5,568,122 3,122,248 248,256 685,442 1,100,000 2020 $789,215 $621,842 2019 388,245 442,268 Inventories 257,217 242,258 Prepaid Expenses and other current assets 169,568 293,139 Current portion of long-term debt $181,672 $145,135 288,286 376,562 Accounts payable 354,216 368,850 Dividends Payable 412.423 213,285 Income taxes payable 978,456 745,855 Bond payable Statement of Cash Flow information - for the year ending December 31, 2020: $964,268 Cash Flows from Operating Activates 1,282,523 Cash Flows from Financing Activities have information to calculate the following for Blanton Corporation: T. (B) 0621 GEST FLOWs from Financing Activities Required: Use the above information to calculate the following for Blanton Corporation: 1. Operating Cash Flow to Current Liabilities ratio in 2020 (Comment on this result, is it good or bad, why?) 2. Day's inventory outstanding at the end of 2020. 3. Days accounts payable outstanding at the end of 2020. 4. 2020 accounts payable Turnover ratio. 5. Interest Coverage Ratio at the end of 2020. (Comment on this result, is it the higher the better or vice versa? Why?). Note: Show your calculations clearly. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B US Paragraph Ix Q A Arial 10pt ABC X O x x < m