Q 27-29 Please help me woth these multiple choice asap !! i will rate !!

The comparative summary statement of financial position for Gnat Ltd. as at December 31 follows: Cash and cash equivalents Trade receivables Inventories held for resale Buildings and equipment, net Total 2021 $ 26,000 53,000 41,000 287.000 $407.000 2020 $ 90,000 62.000 29,000 240.000 $421.000 Trade payables Bank loan Interest payable Income taxes payable Contributed capital (common shares) Retained earnings Total $ 16,000 0 4,000 5.000 122.000 260,000 $407.000 $ 27.000 88,000 2,500 7,000 100.000 196,500 $421.000 Income statement information for Gnat Ltd. for 2021 is shown below Sales Cost of sales Operating expenses Operating income Interest expense Gain on sale of equipment Pre-tax earnings Income tax expense Net earnings $ 850.000 580,000 135.000 135.000 5,000 22.000 152.000 64.000 $ 88.000 Additional information 1. A building was acquired for cash during 2021 Also during 2021 equipment with a cost of $73,000 and accumulated depreciation of $15,000 was disposed of in exchange for cash 2. A $10,000 common stock dividend was declared and issued in 2021. 3. Sales are 80% on credit and 20% for cash 4. Trade payables relate only to transactions with suppliers of merchandise inventory 5. The bank loan matures in 2021 and was repaid in full 6. The income tax rate is 42.1% 7. Operating expenses include depreciation amounting to $65,000 27 or 40 The current ratio for 2021 is closest to Select one: O a. 32 O. 4.8 O c. 6.0 O d.5.4 Unsure 28. of 40 The trade receivables average collection period (in days) for 2021 is closest to Select one: O a. 31 O. 25 O c.23 O d. 28 Unsure 29. of 40 The inventory turnover (number of times) for 2021 is closest to Select one: O a. 24 06.14 O c.17 Od 8 Unsure