Financial statements for the Genatron Manufacturing Corporation for the years 2020 and 2019 are shown. Genatron Manufacturing Corporation Balance Sheet 2020 2019 ASSETS Cash $40,838 $50,562 Accts receivable 261,555 200,102 Inventory 503.184 450,168 Total current assets 805.577 700,832 Fixed assets, net 400,000 300,000 Total assets $1,205,577 $1,000,832 LIABILITIES AND EQUITY Accts payable $172.299 $132,305 Bank loan 90,644 90,644 Accruals 70,000 50,000 Total current liabilities 332.943 272.949 Long-term debt, 12% 392,600 290,365 Common stock, $10 par 300,000 300,000 Capital surplus 43,887 43,887 Retained earnings 136,147 93,631 Total liabilities & equity $1,205,577 $1,000,832 Genatron Manufacturing Corporation Income Statement 2020 2019 Net sales $1,501,156 $1,301,156 Cost of goods sold 900,694 780,694 Gross profit 600,462 520,462 Expenses: General and administrative 150,000 150,000 Marketing 150,000 130,000 Depreciation 51,140 41,479 Interest 55,045 44,921 Earnings before taxes 194,277 154,062 Income taxes 72,881 61,131 Net income $121,396 $92,931 (a) Calculate Genatron's dollar amount of net working capital in each year. 2020 2019 Net working capital $ $ $ 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 ) (c) Calculate the average collection period and the inventory-turnover ratio in each year. (Use 365 days for calculation. Round 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