A firm has the following financial information: Current Assets = $1,510,000 Accounts Receivable = $460,000 Inventory = $865,000 Total Assets = $1,920,000 Current Liabilities = $730,000 Accounts Payable = $287,000 6 Total Liabilities = $1,105,000 Annual Sales = $4,560,000 Gross Profit = $880,000 Net Income = $84,000 What is the firm's current ratio (CR) and average collection period (ACP)? a b CR = 0.88 and ACP = 36.82 days CR = 2.07 and ACP = 22.97 days CR = 1.74 and ACP = 22.97 days CR - 2.07 and ACP = 36.82 days d