Selected comparative financial statement data for Granger Inc. are shown below. GRANGER INC. Statement of Financial Position (partial) December 31 (in thousands) Current assets 2024 2023 2022 Cash Trading investments $30 55 Accounts receivable, net 678 Inventory 630 Prepaid expenses 41 $60 498 573 Total current assets $1,434 $1,315 $1,200 Total current liabilities $886 $829 $754 Additional information: (in thousands) 2024 2023 2022 Allowance for expected credit losses $50 $45 $40 Credit sales 4.182 3,938 3,663 Cost of goods sold 2.877 2.676 2.355 (a) Question 3 of 5 < > working capital amounts in thousands e.g. 525.) Working capital $ Current ratio Receivables turnover 2024 548 1.62 :1 $ 2023 486 1.59 :1 4.3 times 4.7 times Collection period 77 days 78 days Inventory turnover 3.2 times 3.3 times Days sales in inventory 113 days 111 days eTextbook and Media Save for Later 1/6 III Attempts: 1 of 3 used Submit Answer