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

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The comparative financial statements prepared at December 31, 2019, for ABC Company showed the following summarized data 2019 2018 A 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 S Balance Sheet Cash Accounts Receivable, Net 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 25,000 $ 3,000 80,000 108,000 $ 23,000 2,800 95,000 120,800 $ Contributed Capital (25,000 shares outstanding) Retained Earnings Total Liabilities and Shareholders' Equity 25,000 84,800 217,800 $ 25,000 55,000 200,800 $ Compute the following Liquidity Ratios for 2019... (include one decimal place) Receivable turnover = times Days to collect = days (whole number) Inventory turnover = times Days to Sell = days (whole number) Current Ratio = :1

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