Sunland Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. 2015 Sunland Medical Comparative Balance Sheet As of December 31 2016 Assets Current assets Cash $390,000 Accounts receivable, net 1,079,000 Inventory 729,000 Other current assets 381,400 Total current assets 2,579,400 Property, plant, & equipment, net 8,659,740 Total assets $11,239,140 $417,450 776,450 681,100 247,100 2,122,100 8,439,815 $10,561,915 Liabilities and Stockholders' Equity Current liabilities Long-term debt Total liabilities Preferred stock, $5 par value Common stock, $0.25 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $3,178,000 3,702,700 6,880,700 58,900 104,600 4,194,940 4,358,440 $11,239,140 $2,846,050 3,892,600 6,738,650 58,900 103,850 3,660,515 3,823,265 $10,561,915 Sunland Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2016 2015 Sales revenue (all on account) $10,177,200 $9,614,000 Cost of goods sold 5,611,950 5,298,800 Gross profit 4,565,250 4,315,200 Operating expenses 2,840,200 2,634,150 Net operating income 1,725,050 1,681,050 Interest expense 300,300 308,600 Net income before taxes 1,424,750 1,372,450 Income taxes (30%) 427,425 411,735 Net income $997,325 $960,715 Dividends paid Preferred dividends 29,550 29,450 Common dividends 433,350 413,100 Total dividends paid 462,900 442,550 Net income retained 534,425 518,165 Retained earnings, beginning of year 3,660,515 3,142,350 Retained earnings, end of year $4,194,940 $3,660,515 (a-d) Calculate the following liquidity ratios for 2016. (If working capital is negative then enter with a negative sign preceding the number or parentheses, e.g. -15,000 or (15, 000). Round all answers except working capital to 2 decimal places, e.g. 2.55.) a. Working capital b. Current ratio C. Acid-test ratio d. Accounts receivable turnover times