+ Ch 14 Performance Meaasurement 01:54:34 Question 3 of 3 -/50 2019 3220 550 550 GOLDEN LTD. Statement of Financial Position December 31 (in thousands) 2021 2020 Assets Current assets Cash $39 594 Accounts receivable 990 770 Inventory 1.220 880 Total current iets 2,349 1.744 Property plant and equipment 4.510 4180 Total assets 56.859 $5.924 Liabilities and Shareholder alty Labilities Current les 5660 Non-current liabilities 3,356 2.546 Total abilities 4,016 2.551 Shareholders equity 1.320 3.520 $4,840 5605 1650 2.200 Question 3 of 3 -750 E III 1.300 1.100 1 100 1673 1540 Commons res Retained earnings Total shareholders equity Total liselities and shareholders enuity 1.743 2.843 2.773 2640 56.859 $5.924 $4840 GOLDEN LTD. Statement of Income Year Ended December 31 in thousands) 2021 2020 2019 Sales $4,950 $4400 $3.960 Cost of goods sold 2.750 2.310 1.980 2.200 2090 1.980 1.595 1430 1642 605 460 330 Gross pront Operating expenses Income from operations Interest expense Income before income tax Income tax expense Net income 212 149 86 393 311 252 102 90 78 $293 $221 $174 Question 3 of 3 - /50 (1) Calculate the receivables turnover ratio, inventory turnover ratio and current ratio for all three years. Assume that the accounts receivable and inventory batances at the end of 2018 were equal to the balances at the end of 2019. The company does not have an allowance for doubtful accounts and all sales are on credit. (Round answers to 1 decimal place, 5.2%) 2021 2020 2019 Receivables turnover times Inventory turnover times Current ratio 11 11 Savorator Attempts: 0 of used Sun www (61) The parts of this question must be completed in order. This part will be available when you complete the part above (c1)