iew Policies Current Attempt in Progress Selected financial data for Shumway Ltd. are shown below. Accounts receivable (gross) Inventory Total current assets Total current liabilities Credit sales Cost of goods sold 2021 $850.000 1,020,000 2,100,000 1,000,000 6,420,000 4.540,000 2020 $750,000 980,000 2,000,000 1,100,000 6,240,000 4,550,000 2019 $650,000 840,000 1,700,000 1,250,000 5,430,000 3.950,000 (a) Calculate current ratio, receivables turnover ratio and inventory turnover ratio for 2021 and 2020. (Round answers to 1 decimal place, eg. 15.2) 2021 2020 Current ratio :1 1 Receivables turnover times times Inventory turnover times times e Textbook and Media Save for Later Attempts: unlimited Submit