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Please help. I am lost Sunland Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and

Please help. I am lost

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Sunland Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. Sunland Medical Comparative Balance Sheet As of December 31 2020 2019 Assets Current assets Cash $398,000 $417,400 Accounts receivable, net 1,099,000 776,450 Inventory 746,000 681,000 Other current assets 381,350 247,000 Total current assets 2,624,350 2,121,850 Property, plant, & equipment, net 8,645,005 8.440,010 Total assets $11,269,355 $10,561,860 Liabilities and Stockholders' Equity Current liabilities $3.209,000 $2,846,050 Long-term debt 3,702,600 3,892,700 Total liabilities 6,911,600 6,738,750 Preferred stock, $5 par value 58,950 58,950 Common stock. $0.25 par value 104,650 103,850 Retained earnings 4,194,155 3,660,310 Total stockholders' equity 4,357,755 3,823,110 Total liabilities and stockholders' equity $11,269,355 $10,561,860Sunland Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2020 2019 Sales revenue [all on account) $10,122,250 $9,613,900 Cost of goods sold 5,612,700 5,298,200 Gross prot 4,564,550 4,315,200 Operating expenses 2,840,300 2,634,200 Net operating income 1,924,250 1,681,000 Interest expense 300,400 308,200 Net income before taxes 1,423,850 1,322,300 Income taxes {30%} 422,155 411,690 Net income $996,695 $960,610 Dividends paid Preferred dividends 29,500 29,550 Common dividends 433,350 413,050 Total dividends paid 462,850 442,600 Net income retained 533,845 518,010 Retained earnings, beginning of year 3,660,310 3,142,300 Retained earnings, end of year $4,194,155 $3,660,310 (3-0) 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.) 3. 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, eg. 25 and inventory turnover ratio to 2 decimal places, e.g. 5.12. Use 365 days for calculation.) 3. Average collection period days b. Inventory turnover times eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (g) Calculate average days to sell inventory for 2020. (Round answer to O decimal places, eg. 25. Use 365 days for calculation.) Average days to sell inventory days eTextbook and Media Save for Later Attempts: 0 of 3 used Submit

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