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Selected comparative financial statement data for Steering Inc. are shown below. $ STEERING INC. Statement of Financial Position (partial) W December 31 (in thousands) 2021
Selected comparative financial statement data for Steering Inc. are shown below. $ STEERING INC. Statement of Financial Position (partial) W December 31 (in thousands) 2021 2020 2019 Current assets Cash $ 30 $ 90 $ 60 Trading investments 54 60 40 Accounts receivable, net 676 580 500 Inventory 626 529 574 Prepaid expenses 41 52 29 Total current assets $ 1,427 $ 1,311 $ 1,203 Total current liabilities $ 879 $ 830 $ 750 Additional information: 2021 $ (in thousands) Allowance for doubtful accounts Credit sales Cost of goods sold 50 4,192 2,908 2020 $ 45 3,932 2,667 2019 $ 40 3,718 2,359 Calculate all possible liquidity ratios for 2021 and 2020. (Round current ratio to 2 decimal places eg. 2.66. Round receivables turnover and inventory turnover to 1 decimal place eg, 6.2. Round collection period and days sales in Inventory to decimal places 1,266. Enter working capital amounts in thousands eg. 525) 2021 2020 Working capital $ :1 :1 Current ratio times times Receivables turnover days days Collection period times times Inventory turnover days days Days sales in inventory
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