Blossom Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. 2019 Blossom Medical Comparative Balance Sheet As of December 31 2020 Assets Current assets Cash $352,000 Accounts receivable, net 1,000,000 Inventory 717,000 Other current assets 381,300 Total current assets 2,450,300 Property, plant, & equipment, net 8,766,170 Total assets $11,216,470 $417,400 776,400 681,000 247,000 2,121,800 8,440,100 $10,561,900 Liabilities and Stockholders' Equity Current liabilities Long-term debt Total liabilities Preferred stock, $5 par value Common stock, $0.25 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $3,155,000 3,702,600 6,857,600 58,900 104,600 4,195,370 4,358,870 $11,216,470 $2,846,000 3,892,600 6,738,600 58,900 103,800 3,660,600 3,823,300 $10,561,900 Blossom Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2020 2019 Sales revenue (all on account) $10,177,200 $9,613,900 Cost of goods sold 5,611,600 5,298,700 Gross profit 4,565,600 4,315,200 Operating expenses 2,840,200 2,634,100 Net operating income 1,725,400 1,681,100 Interest expense 300,300 308,600 Net income before taxes 1,425,100 1,372,500 Income taxes (30%) 427,530 411,750 Net income $997,570 $960,750 Dividends paid Preferred dividends 29,450 29,450 Common dividends 433,350 413,000 Total dividends paid 462,800 442,450 Net income retained 534,770 518,300 Retained earnings, beginning of year 3,660,600 3,142,300 Retained earnings, end of year $4,195,370 $3,660,600 (a-d) Calculate the following liquidity ratios for 2020. (If working capital is negative 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, eg. 2.55.) a Working capital b. Current ratio Acid-test ratio d. Accounts receivable turnover c. times