Matthias Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. 2019 Matthias Medical Comparative Balance Sheet As of December 31 2020 Assets Current assets Cash $3971220 Accounts receivable, net 906.800 Inventory 743,000 Other current assets 381,800 Total current assets 2.428,320 Property, plant, & equipment net 8.678.000 Total assets $ 11 106.320 $417 400 776.400 681.000 247.000 2.121.800 8.440.100 $10.561.900 Liabilities and Stockholders' Equity Current liabilities Long-term debt Total liabilities Preferred stock SS par value Common stock. $0.25 par value Retained earnings Total stockholders' equity Total liabilities and stockholders equity $2.934,700 3,700.600 6.665.300 58.900 104.600 4.307 520 4471020 $11106,320 $ 2.846.000 3.892.600 16.7168 600 58.900 103.800 8.660.500 3.8231300 $10.581.900 Matthias Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2020 2019 Sales revenue (all on account) $ 10,177 200 $9,613.900 Cost of goods sold 5.411,800 5,298.700 Gross profit 4,765,400 4.315.200 Operating expenses 2.899.900 2.634 100 Net operating income 1.865.500 1.681 100 Interest expense 300.000 308,600 Net income before taxes 1,565.200 1.372.500 Income taxes (309) 469.560 411.750 Net income $1.095.640 $960.750 Dividends paid Preferred dividends 29 450 129.450 Common dividends 419 270 413.000 Total dividends paid 448.720 442.450 Net income retained 646.920 518.300 Retained earnings, beginning of yean 3.660.600 3.142.300 Retained earnings, end of year S4 B07520 $3.660.600 (a-d) Calculate the following liquidity ratios for 2020. (if working capital is negative then enter with a negative sign preceding the number or parentheses, eg: -15,000 or (15,000). Round all answers except working capital to 2 decimal places, eg. 255.) a Working capital b. Current ratio Acid-test ratio d. Accounts receivable turnover times eTextbook and Media Seue forteter Attempts: unlimited Submit Answer (e-f The parts of this question must be completed in order this partuill be available when you complete the part above