Sheridan Medical manufactures hospital beds and other inatitutional furniture. The compamys comparative bulance shert and income ntatement for 2019 and 2020 follow. \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{\begin{tabular}{l} Sheridan Medical \\ Comparative income Statement and Statement of Retained Earnings \\ For the Year \end{tabular}} \\ \hline & 2020 & 2019 \\ \hline Sales revenue (ali on account) & $10,177.200 & $9,614,000 \\ \hline Cost of goods sold & 5,613,200 & 5,298,750 \\ \hline Gross profit & 4564,000 & 4,315,250 \\ \hline Operating expenses & 2,840,200 & 2,634,200 \\ \hline Net operating income & 1,723,800 & 2681.050 \\ \hline Interest expense & 300,400 & 306,600 \\ \hline Net income before taves & 1,423,400 & 1.372,450 \\ \hline income traes (30se) & 427,020 & 411,735 \\ \hline Net income. & 3996,380 & 5960,715 \\ \hline \multicolumn{3}{|l|}{ Dividendspaid } \\ \hline Preferred dividends & 29,500 & 29,550 \\ \hline Common dividends & 433,450 & 413,050 \\ \hline Total dividends paid & 462.950 & 442,600 \\ \hline Net income retained & 533.430 & 518,115 \\ \hline Retained eamings, beginning of year & 3,660,415 & 3,142,300 \\ \hline Retained earnings. end of year & 54,193,845 & 53.660 .415 \\ \hline \end{tabular} (a-d) 2. Workingcapitat b. Currentratio C. Acld testratio d. Accounts reckivabie tumover times eToutbook and Media Sawfortater Altempts Pot aused eTectbook and Media Attempts 0 of 3 used (ef) Giculate the following liquidity ratlos for 2020 . (Round overage collection period to 0 decind ploce, es 25 and inventory turnover ratia to 2 decimal ploces, es, 5.12. Use 365 days for calculation! a. Average collection period dxys b. Inventery turnover times eTextbook and Media Atternpts: 0of 3 used (c) Average days to sell inventory dars