Question 5 The following information has been extracted from the financial statements and the notes of Porcini Ltd. 2020 2019 Cash assets $32,500 $36,300 Marketable securities 105,000 98,300 Receivables 74,500 76,500 Inventories 184,000 163,000 Prepaid expenses 4,500 6,600 Property, plant and equipment 300,000 259,400 Current liabilities 175,800 160,300 Revenue (sales on credit) 956,000 908,300 Cost of sales 570,700 534,000 Calculate the following for 2020. (Round answers to I decimal place, e.g. 52.7.) 1. Current ratio Quick ratio :1 Receivables turnover ratio times 4. Average collection period of accounts receivable days 5. Inventory turnover ratio times 6. Average period for inventory turnover days