discard wrong question

4. The trading account for Sweet Pea Ltd for the year ended December 31, 2017 is set out below: $ $ Sales (all credit) 860,000 Opening stock 100,000 Purchases (50% on credit) 625,000 725,000 Closing stock (76,000) (649,000) Gross profit 211,000 The following amounts have been extracted from the company's balance sheet at December 31, 2017 Trade debtors prepayments Cash in hand Bank overdraft Trade creditors Accruals Proposed dividends $ 120,000 8,000 12,000 16,000 80,000 6,000 10,000 Required: a) Calculate the stock turnover period in days b) Calculate the debtor collection period in days c) Calculate the creditor payment period in days d) Calculate the current ratio at December 31, 2017 e) Calculate the acid test ratio at December 31, 2017