ACC-650 TOPIC 8 Assignment Question 5 of 8 $380.000 $417 500 Accounts receivable, net 1035,000 76500 Inventory 726,000 681.080 Other current coasts 381.400 Total current aposts 2 922.400 2.122.060 Property, plant, & equipment, net 8.738.629 8,439,845 Total assets $41 261 025 $10.561 895 Liabilities and Stockholders Equity Curent Feellikes $3 201.000 $2.846.100 Long-term debt 2.702 690 3.892.600 Tatal Iglalleles $.903 650 6.738,700 Preferred stock $5 par value 58,900 006 85 Common stock. $0.25 par value 104.700 102.90 Retained earnings 4193.773 3.660 393 Total stockholders' equity 4397 379 3 823.159 "atal liabilities and stockholders equity $11.261,029 $10.561,893 hanhoe Modica Comparative Income Statement and Statement of Retained Earnings For the Your 2020 2018 Sales revenue fall on account) $10,177,200 $9,613,900 Cost of goods sold 5,613,150 5,298,750 Gross profit 4584030 4,315,150 Operating expenses 2,840,250 2,634150 Net operating Income 1,723,800 1,681,000 Interest expense 300,400 308,650 Net Income before texas 1,423,400 1,372,350 Mooma taxes (3083] 427,020 411,705 Net Income 996,350 $980.645 Dividends pala Preferred dividends 29,950 29,350 Common dividends 433,450 413,050 Total dividends pald 493,000 442,600 Net Incomeretained 933,380 518,04 Retained earnings, beginning of year 1690,395 3142,350 Retained earnings, and of your $4193775 $3,680,395 a-d) Calculate the Following liquidity ratios for 2020. (1 working ative then enter with a negative sign preceding the number or parentheses, eg. . 15,000 or (15,000). Round all answers except working capital to 2 decimal places, e.g. 2.55.) a. Working capital &. Current ratio d. Accounts receivable turnover times Textbook and Media