Oriole Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow Oriole Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash $417,400 $393,000 1,077,000 Accounts receivable, net 776,450 735,000 681,050 Inventory Other current assets 381,400 247,050 Total current assets 2,586,400 2,121,950 Property, plant, & equipment, net 8,639,160 8,440,060 GE 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 Total liabilities 6,867,600 6,738,750 Preferred stock, $5 par value 58,950 58,950 Common stock, $0.25 par value 104,650 103,850 Retained earnings 4,194,360 3,660,460 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 2016 2015 Sales revenue (all on account) $10,177,300 $9,613,950 Cost of goods sold 5,612,800 5,298,800 Gross profit 4,564,500 4,315,150 Operating expenses 2,840,200 2,634,150 Net operating income 1,724,300 1,681,000 Interest expense 300,300 308,700 Net income before taxes 1,424,000 1,372,300 Income taxes (30%) 427,200 411,690 Net income $996,800 $960,610 Dividends paid TYCKTRONIC Prov ru Dividends paid Preferred dividends 29,550 29,550 Common dividends 433,350 413,000 Total dividends paid 462,900 442,550 Net income retained 533,900 518,060 Retained earnings, beginning of year 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 2016. (If working capital is negative then enter with a negative sign preceding parentheses, e.g. -15,000 or (15,000). Round all answers except working capital to 2 decimal places, eg. 2.55.) Calculate the following liquidity ratios for 2016. (If working capital is negative then enter with a negative sign pn parentheses, eg -15,000 or (15,000). Round all answers except working capltal to 2 decimal places, eg, 255.) tA 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 use