Matthias Medical manufactures hospital beds and other institutional furniture. The company?s comparative balance sheet and income statement for 2012 and 2013 follow. See and Complete Attachment

Matthias Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2012 and 2013 follow. Matthias Medical Comparative Balance Sheet As of December 31 2013 2012 Assets Current assets Cash Accounts receivable, net Inventory Other current assets Total current assets Property, plant, & equipment, net Total assets $367,000 1,026,000 717,000 381,350 $417,500 776,450 681,000 247,100 2,491,350 8,767,005 2,122,050 8,439,995 $11,258,355 $10,562,045 $3,198,000 3,702,650 $2,846,100 3,892,600 6,900,650 6,738,700 58,950 104,700 4,194,055 58,900 103,850 3,660,595 4,357,705 3,823,345 $11,258,355 $10,562,045 Liabilities and Stockholders' Equity Current liabilities Long-term debt Total liabilities Preferred stock, $5 par value Common stock, $0.25 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Matthias Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2013 Sales revenue (all on account) Cost of goods sold 2012 $10,177,200 5,613,250 $9,613,950 5,298,800 Gross profit Operating expenses 4,563,950 2,840,250 4,315,150 2,634,200 Net operating income Interest expense 1,723,700 300,400 1,680,950 308,600 Net income before taxes Income taxes (30%) 1,423,300 426,990 1,372,350 411,705 $996,310 $960,645 Preferred dividends Common dividends 29,500 433,350 29,450 413,000 Total dividends paid 462,850 442,450 533,460 3,660,595 518,195 3,142,400 $4,194,055 $3,660,595 Net income Dividends paid Net income retained Retained earnings, beginning of year Retained earnings, end of year Calculate the following liquidity ratios for 2013. (If working capital is negative then enter with a negative sign preceding the number or parenthesis, e.g. -15,000 or (15,000). Round all answers except working capital to 2 decimal places, e.g. 2.55.) $ a. Working capital b. Current ratio c. Acid-test ratio d. Accounts receivable turnover times Calculate the following liquidity ratios for 2013. (Round average collection period to 0 decimal place, e.g. 25 and inventory turnover ratio to 2 decimal places, e.g. 5.12. Use 365 days for calculation.) a. days Average collection period time b. Inventory turnover s Calculate average days to sell inventory for 2013. (Round answer to 0 decimal places, e.g. 25. Use 365 days for calculation.) day Average days to sell inventory s