Crane Medical manufactures hospital beds and other institutional furniture. The companys comparative balance sheet and income statement for 2019 and 2020 follow.

Crane Medical Comparative Balance Sheet As of December 31
		2020		2019
Assets
Current assets
Cash		$395,000		$417,500
Accounts receivable, net		1,044,000		776,450
Inventory		717,000		681,100
Other current assets		381,300		247,000
Total current assets		2,537,300		2,122,050
Property, plant, & equipment, net		8,706,025		8,439,980
Total assets		$11,243,325		$10,562,030
Liabilities and Stockholders Equity
Current liabilities		$3,182,000		$2,846,000
Long-term debt		3,702,600		3,892,650
Total liabilities		6,884,600		6,738,650
Preferred stock, $5 par value		59,000		59,000
Common stock, $0.25 par value		104,650		103,850
Retained earnings		4,195,075		3,660,530
Total stockholders equity		4,358,725		3,823,380
Total liabilities and stockholders equity		$11,243,325		$10,562,030

Crane Medical Comparative Income Statement and Statement of Retained Earnings For the Year
		2020		2019
Sales revenue (all on account)		$10,177,250		$9,614,000
Cost of goods sold		5,611,750		5,298,750
Gross profit		4,565,500		4,315,250
Operating expenses		2,840,300		2,634,200
Net operating income		1,725,200		1,681,050
Interest expense		300,350		308,650
Net income before taxes		1,424,850		1,372,400
Income taxes (30%)		427,455		411,720
Net income		$997,395		$960,680
Dividends paid
Preferred dividends		29,450		29,500
Common dividends		433,400		413,050
Total dividends paid		462,850		442,550
Net income retained		534,545		518,130
Retained earnings, beginning of year		3,660,530		3,142,400
Retained earnings, end of year		$4,195,075		$3,660,530

(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

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(e-f)

Calculate the following liquidity ratios for 2020. (Round average collection period to 0 decimal place, e.g. 25 and inventory turnover ratio to 2 decimal places, e.g. 5.12. Use 365 days for calculation.)

a.	Average collection period		days
b.	Inventory turnover		times

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(g)

Calculate average days to sell inventory for 2020. (Round answer to 0 decimal places, e.g. 25. Use 365 days for calculation.)

Average days to sell inventory

days