49 The financial information below presents selected information from the financial statements of Pelican Company. Sales revenue during the current year was $13,440,300 and cost of goods sold was $8,911,695. All of Pelican's sales are made on account and are due within 30 days. Inventory Cash and cash equivalents Accounts receivable Total current assets Total assets Prior Year $565,330 Current Year $625,780 4,680,000 3,813,000 933,360 1,262,440 8,375,030 8,285,100 11,113,020 10,993,000 Total current liabilities 7,655,300 Total liabilities 8,462,900 6,631,000 8,266,700 Required: a. Calculate the current ratio for both the current year and prior year. b. Calculate the receivables turnover ratio for the current year. c. Calculate the days to collect for the current year. d. Calculate the inventory turnover ratio for the current year. e. Calculate the days to sell for the current year. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Calculate the current ratio for both the current year and prior year. (Round your answers to 2 decimal places.) Current Ratio Current Year Prior Year