Oriole Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow.

Oriole Medical Comparative Balance Sheet As of December 31
		2020		2019
Assets
Current assets
Cash		$398,000		$417,450
Accounts receivable, net		1,046,000		776,450
Inventory		730,000		681,050
Other current assets		381,300		247,100
Total current assets		2,555,300		2,122,050
Property, plant, & equipment, net		8,711,250		8,439,765
Total assets		$11,266,550		$10,561,815
Liabilities and Stockholders' Equity
Current liabilities		$3,206,000		$2,846,050
Long-term debt		3,702,650		3,892,600
Total liabilities		6,908,650		6,738,650
Preferred stock, $5 par value		59,000		59,000
Common stock, $0.25 par value		104,650		103,800
Retained earnings		4,194,250		3,660,365
Total stockholders' equity		4,357,900		3,823,165
Total liabilities and stockholders' equity		$11,266,550		$10,561,815

Oriole 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		5,612,550		5,298,700
Gross profit		4,564,650		4,315,200
Operating expenses		2,840,300		2,634,100
Net operating income		1,724,350		1,681,100
Interest expense		300,300		308,650
Net income before taxes		1,424,050		1,372,450
Income taxes (30%)		427,215		411,735
Net income		$996,835		$960,715
Dividends paid
Preferred dividends		29,550		29,550
Common dividends		433,400		413,100
Total dividends paid		462,950		442,650
Net income retained		533,885		518,065
Retained earnings, beginning of year		3,660,365		3,142,300
Retained earnings, end of year		$4,194,250		$3,660,365

(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, 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

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(e-f)

Calculate the following liquidity ratios for 2020. (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.	Average collection period		days
b.	Inventory turnover		times

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(g)

Calculate average days to sell inventory for 2020. (Round answer to 0 decimal places, e.g. 25. Use 365 days for calculation.)

Average days to sell inventory

days