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Please help me with the question below: Ivanhoe Medical manufactures hospital beds and other institutional furniture. The companys comparative balance sheet and income statement for

Please help me with the question below:

Ivanhoe Medical manufactures hospital beds and other institutional furniture. The companys comparative balance sheet and income statement for 2019 and 2020 follow.

Ivanhoe Medical Comparative Balance Sheet As of December 31
2020 2019
Assets
Current assets
Cash $380,000 $417,500
Accounts receivable, net 1,035,000 776,500
Inventory 726,000 681,050
Other current assets 381,400 247,000
Total current assets 2,522,400 2,122,050
Property, plant, & equipment, net 8,738,625 8,439,845
Total assets $11,261,025 $10,561,895
Liabilities and Stockholders Equity
Current liabilities $3,201,000 $2,846,100
Long-term debt 3,702,650 3,892,600
Total liabilities 6,903,650 6,738,700
Preferred stock, $5 par value 58,900 58,900
Common stock, $0.25 par value 104,700 103,900
Retained earnings 4,193,775 3,660,395
Total stockholders equity 4,357,375 3,823,195
Total liabilities and stockholders equity $11,261,025 $10,561,895

Ivanhoe 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 5,613,150 5,298,750
Gross profit 4,564,050 4,315,150
Operating expenses 2,840,250 2,634,150
Net operating income 1,723,800 1,681,000
Interest expense 300,400 308,650
Net income before taxes 1,423,400 1,372,350
Income taxes (30%) 427,020 411,705
Net income $996,380 $960,645
Dividends paid
Preferred dividends 29,550 29,550
Common dividends 433,450 413,050
Total dividends paid 463,000 442,600
Net income retained 533,380 518,045
Retained earnings, beginning of year 3,660,395 3,142,350
Retained earnings, end of year $4,193,775 $3,660,395

(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

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