Selected financial statement data for Skysong Company are presented below.

		December 31, 2020			December 31, 2019
Cash		$44,300			$32,900
Short-term investments		20,000			17,700
Receivables (net)		109,500			90,000
Inventory		82,500			69,500
Total current liabilities		110,000			91,500

During 2020, net sales were $1,097,250, and cost of goods sold was $912,000.

(a)

Compute the current ratio at December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.)

Current ratio

enter the current ratio rounded to 2 decimal places :1

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(b)

Compute the acid-test ratio at December 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.)

Acid-test ratio

enter the acid-test ratio rounded to 2 decimal places :1

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(c)

Compute the accounts receivable turnover at December 31, 2020. (Round answer to 0 decimal places, e.g. 15.)

Accounts receivable turnover

enter the accounts receivable turnover in times rounded to 0 decimal places times

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(d)

Compute the inventory turnover at December 31, 2020. (Round answer to 0 decimal places, e.g. 15.)

Inventory turnover

enter the inventory turnover in times rounded to 0 decimal places times