Financial statements for the Genatron Manufacturing Corporation for the years 2020 and 2019 are shown. Genatron Manufacturing Corporation Balance Sheet 2020 2019 ASSETS $41,807 $50,058 261,771 201,919 500,000 451,194 803,578 703,171 400,000 300,000 $1,203,578 $1,003,171 LIABILITIES AND EQUITY $170,898 $130,219 90,796 90,796 70,000 50,000 331,694 271,015 396,653 295,943 300,000 300,000 40,330 40,330 134,901 95,983 $1,203,578 $1,003,171 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 Genatron Manufacturing Corporation Income Statement 2020 2019 $1,654,331 $1,454,331 992,599 872,599 661,732 581,732 150,000 150,000 150,000 130,000 50,129 40,810 55,979 44,419 255,624 216,503 73,879 61,018 $181.745 $155,485 (a) Calculate Genatron's dollar amount of net working capital in each year. 2020 Networking capital S eTextbook and Media Save for Later Net sales Cost of goods sold Gross profit Expenses: General and administrative Marketing Depreciation Interest Earnings before taxes Income taxes Net income 2019 Attempts: 0 of 2 used 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, e.g. 52.75.) 2020 2019 Average collection period days days Inventory turnover ratio e Textbook and Media Save for Later Attempts: 0 of 2 used Submit