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The comparative financial statements prepared at December 31, 2019, for ABC Company showed the following summarized data: 2019 2018 Income Statement Sales Revenue Cost of

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The comparative financial statements prepared at December 31, 2019, for ABC Company showed the following summarized data: 2019 2018 Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense (30% Net Income 250,000 $ 150.000 100.000 40.000 4.100 55.900 16.770 39.130 $ 205.000 125,000 80,000 34,000 3.400 42.600 12,800 29,800 $ Balance Sheet Cash Accounts Receivable, Not Inventory Property and Equipment, Net Total Assets 41 800 $ 16.000 30.000 130.000 217 800 $ 39,800 16.000 25,000 120,000 200.800 $ Accounts Payable $ Income Tax Payable Note Payable, Long-Term Total Liabilities $ Contributed Capital (25,000 shares outstanding) Retained Earnings Total Liabilities and Shareholders' Equity s 25,000 $ 3.000 80.000 108.000 $ 25.000 84 800 217800 $ 23.000 2.800 95.000 120.800 25,000 55,000 200.800 Compute the following Liquidity Ratios for 2019... (include one decimal place) times days (whole Receivable turnover = Days to collect = number) Inventory turnover = Days to Sell = number) Current Ratio = times days (whole

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