Current Attempt in Progress The following amounts were reported by Moksh Lid in its most recent statement of financial position Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Property, plant and equipment Inet) Accounts payable Wapes payable Income tax payable Long term bank loan payable Common shares Retained earnings 2020 $55.116 177596 410.308 9.186 410.000 237.000 47.600 21.600 356,000 207.000 193006 2019 $77,700 138,750 277.500 5.550 376,000 136,000 31400 17.600 257000 207.000 226 500 The company had sales of $887.980 in 2020 and 5832.500 in 2019. All sales were on account Part 1 Calculate the current ratio and quick ratio for Moksh Ltd. for the current and preceding years. Mund nation to 2 decimal places e 15.25 2020 2019 Current ratio Quick ratio e Textbook and Media Save for later Attempts: Oof 3 used Part 2 Calculate Mosh's accounts receivable turnover ratio and average collection period for the current and preceding years. For the accounts receivable turnover ratio, use the balance of accounts receivable at each year end for this calculation rather than average balances (Round accounts receviable tumoreretio to 2 decimates.25 1525 and collection period to 1 decimal place, 15.1. Use 365 days for calculation) 2020 2019 Accounts rochable turnover ratio Average collection period days