Sandhill Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and incom statement for 2019 and 2020 follow. Sandhill Medical Comparative Balance Sheet As of December 31 2020 2019 Assets Current assets Cash $380,000 $417,500 Accounts receivable, net 1,023,000 776,400 Inventory 742,000 681,050 Other current assets 381,300 247,050 Total current assets 2,526,300 2,122,000 Property, plant, & equipment, net 8,703,820 8,439,965 Total assets $11,230,120 $10,561,965 Liabilities and Stockholders' EquityLiabilities and Stockholders' Equity Current liabilities $3,169,000 $2,846,000 Long-term debt 3,702,700 3,892,600 Total liabilities 6,871,700 6,738,600 Preferred stock, $5 par value 58,950 58,950 Common stock, $0.25 par value 104,600 103,900 Retained earnings 4,194,870 3,660,515 Total stockholders' equity 4,358,420 3,823,365 Total liabilities and stockholders' equity $11,230,120 $10,561,965 Sandhill Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2020 2019 Sales revenue (all on account) $10,177,300 $9,614,000 Cost of goods sold 5,612,000 5,298,700 215 200Sandhill Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2020 2019 Sales revenue (all on account) $10,177,300 $9,614,000 Cost of goods sold 5,612,000 5,298,700 Gross profit 4,565,300 4,315,300 Operating expenses 2,840,300 2,634,200 Net operating income 1,725,000 1,681,100 Interest expense 300,350 308,650 Net income before taxes 1,424,650 1,372,450 Income taxes (30%) 427,395 411,735 Net income $997,255 $960,715 Dividends paid Preferred dividends 29,450 29,500 Common dividends 433,450 413,050 Total dividends paid 462 900 447 550(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(e-fi Calculate the following liquidity ratios for 2020. {Round average collection period to 0 decimalplace, 23. 25 and inventory turnover ratio to 2 decimal places. ea. 5.12. Use 365 days for calculation.) an Average collection period days times b. Inventory turnover (g) Calculate average days to sell inventory for 2020. (Round answer to O decimal places, e.g. 25. Use 365 days for calculation.) Average days to sell inventory days