Financial statements for the Genatron Manufacturing Corporation for the years 2020 and 2019 are shown

Genatron Manufacturing Corporation Balance Sheet 2020 ASSETS Cash Accts. receivable Inventory Total current assets Fixed assets, net Total assets Accts. payable Bank loan Accruals Total current liabilities Long-term debt, 12% Common stock, $10 par Capital surplus Retained earnings Total liabilities & equity $41,825 261,284 500,964 804,073 400,000 $1,204,073 LIABILITIES AND EQUITY $172,910 90,805 70,000 333,715 395,254 300,000 44,412 130,692 $1,204,073 2019 $50,312 201,679 450,856 702,847 300,000 $1,002,847 $134.115 90,805 50,000 274,920 294,761 300,000 44,412 88,754 $1,002,847 Question 11 of 15 Genatron Manufacturing Corporation Income Statement 2020 2019 Net sales $1,531,829 $1,331,829 Cost of goods sold 919,097 799,097 Gross profit 612,732 532,732 Expenses: General and administrative 150,000 150,000 Marketing 150,000 130,000 Depreciation 51,964 42,200 Interest 56,254 44,945 Earnings before taxes 204,514 165,587 Income taxes 73,311 60,255 Net income $131,203 $105,332 (a) Calculate Genatron's dollar amount of net working capital in each year. 2020 2019 Net working capital $ eTextbook and Media Save for Later Attempts: 0 of 2 used -/0.5 E Submit Answer !!! (b) Calculate the current ratio and the acid-test ratio in each year. (Round answers to 2 decimal places, e.g. 52.75.) 2020 2019 Current ratio Acid-test ratio eTextbook and Media Save for Later Attempts: 0 of 2 used Submit Answer (c) Calculate the average collection period and the inventory-turnover ratio in each year. (Use 365 days for calculation. Round Average collection period to 1 decimal place, eg. 527.5 and other answers to 2 decimal places, eg. 52.75) 2020 2019 Average collection period days. days Inventory turnover ratio eTextbook and Media Attempts: 0 of 2 used Submit Answer Save for Later