All of these are part of the same question. Please solve question (a), (b) and (c).

Financial statements for the Genatron Manufacturing Corporation for the years 2020 and 2019 are shown. Genatron Manufacturing Corporation Balance Sheet 2020 2019 ASSETS Cash $40,890 $50,076 Accts. receivable 261,956 200,384 Inventory 501,371 451,008 Total current assets 804,217 701,468 Fixed assets, net 400,000 300,000 Total assets $1,204,217 $1,001,468 LIABILITIES AND EQUITY Accts. payable $172,871 $131,095 Bank loan 90,561 90,561 Accruals 70,000 50,000 Total current liabilities 333,432 271,656 Long-term debt, 12% 382,465 307,837 Common stock, $10 par 300,000 300,000 Capital surplus 43,881 43,881 Retained earnings 144,439 78,094 Total liabilities & equity $1,204,217 $1,001,468 Genatron Manufacturing Corporation Income Statement 2020 2019 Net sales $1,583,194 $1,383,194 Cost of goods sold 949,916 829,916 Gross profit 633,278 553,278 Expenses: General and administrative 150,000 150,000 Marketing 150,000 130,000 Depreciation 52,791 40,316 Interest 54,716 44,350 Earnings before taxes 225,771 188,612 Income taxes 72,777 60,620 Question 11 of 15 - 70.5 iii Net income $152,994 $127,992 (a) Calculate Genatron's dollar amount of net working capital in each year. 2020 2019 Net working capital $ $ (b) Calculate the current ratio and the acid-test ratio in each year. (Round answers to 2 decimal places, e.g. 52.75.) 2020 2019 Current ratio Acid-test ratio lic) Calculate the average collection period and the inventory-turnover ratio in each year. (Use 365 days for calculation. Round Average collection period to 1 decimal place, e.g. 527.5 and other answers to 2 decimal places, e.g. 52.75.) 2020 2019 Average collection period days days Inventory turnover ratio e Textbook and Media Save for Later Attempts: 0 of 2 used Submit