Matthias Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. Matthias Medical Comparative Balance Sheet As of December 31 2020 2019 Assets Current assets Cash Accounts receivable.net Inventory Other current assets Total current assets Property, plant, & equipment, net Total assets $397,220 906.800 743,000 381,300 2,428,320 8.678.000 $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 55 par value Common stock. 50.25 par value Retained earnings Total stockholders equity Total liabilities and stockholders equity $2.934,700 3.700.600 6.635.300 58,900 104,600 4,307,520 4471,020 $11.106.320 $2.846,000 3.892.600 6.738.600 58.900 103,800 3.660.600 3,823,300 $10.561.900 Matthias Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2010 i Question 1 of 4 ? > 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 2899.900 2.634,100 Net operating income 1.865,500 1.681.100 Interest expense 300,300 308,600 Net income before taxes 1.565.200 1.372.500 Income taxes (3096) 411.750 Net income $1095,640 Dividends pald Preferred dividends 29.450 Common dividends 419.270 Total dividends geld Retainedesetnings. beginning of year Retained earnings and of year Question 1 of 4 16.67/25 III Your answer is correct. Calculate the following liquidity ratios for 2020, wording capital is negative then enter with a nepotesin preceding the number or parentheses 45.-15,000 or (1.5.000Round all answers except walang capital to 2 decimal places a 2.55) -506380 * Working capital b Current ratio 40 Acid-testratio Accounts receivable turnover times Textbook and Media Attempts unlimited ketenpes untimited Calculate the great for 200 round average collection is to decimal places 25 and inventory turnover 200 2 decimal 5:17. 365 for courton 300 days Aurage collection period 3.69 time Elector and dedi 12 Use 365 days for calculation ploca, 25 and entry hornover a Average collection period 30.18 days h Inventory turnover 760 times eTextbook and Media Attempts: unlimited X Year ang incorrect alculate Vege days to sellinentory for 2020. Round on to decimales. 25. 365 days for decation) kerage dans to sell inventeny Textbook and Media Artemps unlimited