Oriole Medical manufactures hospital beds and other institutional furniture. The companys 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 $393,000 $417,400 Accounts receivable, net 1,077,000 776,450 735,000 681,050 Inventory Other current assets 381,400 247,050 2,586,400 2,121,950 Total current assets Property, plant, & equipment, net 8,639,160 8,440,060 Total assets $11,225,560 $10,562,010 Liabilities and Stockholders' Equity Current liabilities $3,165,000 $2,846,050 Long-term debt 3,702,600 3,892,700 6,867,600 6,738,750 Total liabilities Preferred stock, $5 par value 58,950 58,950 Common stock, $0.25 par value 104,650 103,850 4,194,360 3,660,460 Retained earnings Total stockholders' equity 4,357,960 3,823,260 Total liabilities and stockholders' equity $11,225,560 $10,562,010 Oriole Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2020 2019 Sales revenue (all on account) $10,177,300 $9,613,950 5,612,800 5,298,800 Cost of goods sold Gross profit 4,564,500 4,315,150 2,840,200 2,634,150 Operating expenses Net operating income 1,724,300 1,681,000 300,300 308,700 Interest expense Net income before taxes 1,424,000 1,372,300 427,200 411,690 Income taxes (30%) Net income $996,800 $960,610 Dividends paid Preferred dividends Common dividends 29,550 29.550 433,350 413,000 462,900 442,550 Total dividends paid Net income retained Retained earnings, beginning of year 533,900 518,060 3,660,460 3,142,400 Retained earnings, end of year $4,194,360 $3,660,460 (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 eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (e-f) Calculate the following liquidity ratios for 2020. (Round average collection period to O decimal place, e.g. 25 and inventory turnover ratio to 2 decimal places, e.g. 5.12. Use 365 days for calculation.) days a. Average collection period times b. Inventory turnover Calculate average days to sell inventory for 2020. (Round answer to O decimal places, e.g. 25. Use 365 days for calculation.) days Average days to sell inventory