Sheridan Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. Sheridan Medical Comparative Balance Sheet As of December 31 2020 2019 Assets Current assets Cash $393.000 $ 417,500 Accounts receivable.net 1.087.000 776,450 Inventory 750,000 681.000 381400 247.100 2611400 2.122.050 Other current assets Total current assets Property, plant, & equipment, net Total assets 8651745 8.439,865 $11.263.145 $10.561.915 Liabilities and Stockholders' Equity 52846.000 Current liabilities $3.203.000 en 3392.650 Total assets $11,263,145 $ 10,561,915 $ 2,846,000 3.892,650 6,738,650 Liabilities and Stockholders' Equity Current liabilities $3,203,000 Long-term debt 3,702,650 Total liabilities 6,905,650 Preferred stock. 55 par value 59,000 Common stock, 50 25 par value 104,650 Retained earnings Total stockholders equity 4357,495 Total liabilities and stockholders' equity $11.263,145 59.000 103,850 4,193,845 3.660,415 3,823,265 $ 10,561.915 Sheridan Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2020 2019 Sales revenue (all on account) $ 10,177 200 $ 9,614.000 Comparative Income Statement and Statement of Retained Earnings For the Year 2019 2020 $ 10,177,200 5,613,200 $ 9,614,000 5,298,750 4,315,250 Sales revenue (all on account) Cost of goods sold Gross profit Operating expenses Net operating income Interest expense Net income before taxes 4,564,000 2,840,200 2,634,200 1.723,800 1,681,050 300,400 308.600 1,423,400 1.372.450 Income taxes (30%) 427,020 411,735 Net income $996,380 $ 960.715 Dividends paid Preferred dividends 29,500 29,550 Common dividends 433.450 413,050 462,950 442.600 Total dividends paid 533.430 518.115 Net Income retained 3,660,415 3.142.300 Retained earnings, beginning of year $4,193,845 $ 3.660.415 Retained earnings, end of year Calculate the following liquidity ratios for 2020. (If working capital is negative then enter with a negative sin preceding the number or parentheses, es -15,000 or (15,000). Round all answers except working capital to 2 decimal places, es 2.55.) a. Working capital b. Current ratio c. Acid-test ratio d. Accounts receivable turnover times e Textbook and Media Calculate the following liquidity ratios for 2020. (Round average collection period to decimal plact, es, 25 and inventory turnover ratio to 2 decimal places, e... 5.12. Use 365 days for calculation) a. Average collection period days b. Inventory turnover times cTextbook and Media Save for Later Attempts:0 of 3 used Submit An Calculate average days to sell Inventory for 2020. (Round answer to decimal places, es. 25. Use 365 days for calculation) Average days to sell inventory days