Carla Vista Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. Carla Vista Medical Comparative Balance Sheet As of December 31 2020 2019 Assets Current assets Cash $395,000 1,054,000 728,000 381,300 Accounts receivable, net Inventory Other current assets Total current assets Property, plant, & equipment, net Total assets $417,500 776,500 681,100 247,100 2,122,200 8,439,780 $10,561,980 2,558,300 8,662,070 $11,220,370 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 $3,160,000 3,702,600 6,862,600 59,000 104,650 4,194,120 4,357,770 $11,220,370 $2,846,000 3,892,700 6,738,700 59,000 103,850 3,660,430 3,823,280 $10,561,980 Carla Vista Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2020 2019 $9,613,900 5,298,700 Sales revenue (all on account) Cost of goods sold Gross profit Operating expenses Net operating income Interest expense Net income before taxes Income taxes (30%) Net income Dividends paid Preferred dividends Common dividends Total dividends paid Net income retained Retained earnings, beginning of year Retained earnings, end of year $10,177,300 5,613,000 4,564,300 2,840,200 1,724,100 300,400 1,423,700 427,110 $996,590 4,315,200 2,634,200 1,681,000 308,600 1,372,400 411,720 $960,680 29,550 29,550 433,350 462,900 533,690 3,660,430 $4,194,120 413,000 442,550 518,130 3,142,300 $3,660,430 (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, e.g.-15,000 or (15,000). Round all answers except working capital to 2 decimal places, e.g. 2.55.) $ a. Working capital b. Current ratio C. Acid-test ratio d. Accounts receivable turnover times e Textbook and Media Save for Later Attempts: 0 of 3 used Submit