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The financial information below presents selected information from the financial statements of Pelican Company. Sales revenue during the current year was $13,580,300 and cost of

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The financial information below presents selected information from the financial statements of Pelican Company. Sales revenue during the current year was $13,580,300 and cost of goods sold was $8,908,895. All of Pelican's sales are made on account and are due within 30 days. Cash and cash equivalents $ 559,330 613.780 Accounts receivable Inventory Total current assets8,525,0308.3 4,820,000 3,807,000 1,244,440 375,100 11,107,020 10,987,000 927,360 Total assets Total current liabilities7.445,3007.021,000 Total liabilities 8,456.9008,254.700 Calculate the following: Current ratios as of the end of the current and prior year. (Round your answers to 2 decimal places.) a. Current Year Prior Year Current Ratio b. Calculate the receivables turnover ratio for the current year (Round your answer to 2 decimal places.) Turnover c. Calculate the days to collect for the current year (Round your intermediate caloulations and final answers to 2 decimal place.) ays to Collect b. Caloulate the receivables turnover ratio for the current year. (Round your answer to 2 decimal places.) c. Calculate the days to collect for the current year. (Round your intermediate calculations and final answers to 2 decimal place.) d. Calculate the inventory turnover ratio for the current year, (Round your answer to 2 decimal places.) tory Turnover Rat Calculate the days to sell for the current year (Round your intermediate calculations answers to 2 decimal place e. ays t

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