GMC Corporation had the following comparative current assets and current liabilities: Dec. 31, 2019 Dec. 31, 2018 Current assets Cash $ 30,000 $ 25,000 Short-term investments 10,000 15,000 Accounts receivable 95.000 90,000 Inventory 100,000 88,000 Prepaid expenses 30,000 18.000 Total current assets $265.000 236,000 Current liabilities Accounts payable $100,000 $ 95,000 Salaries payable 30,000 25,000 Income tax payable 15.000 12.000 Total current liabilities $145,000 $ 132,000 During 2019. credit sales and cost of goods sold were $800,000 and $512,500, respectively, Instructions Compute the following liquidity measures for 2019. You must show your calculations to receive credit. If you just give a final answer with no calculations, you will receive a zero regardless if the answer is correct: 1. Current ratio. 2. Working capital 3. Acid-test ratio. 4. Accounts receivable turnover. 5. Inventory turnover