The following amounts were reported by Moksh Ltd. in its most recent statement of financial position: 2020 2019 $53,380 $82,432 Cash and cash equivalents Accounts receivable (net) 191,540 143,360 Inventory 408,200 290,304 Prepaid expenses 9,420 3,584 Property, plant, and equipment (net) 410,000 374,000 247,000 131,000 Accounts payable Wages payable 46,000 30,600 21,000 17,600 Income tax payable Long-term bank loan payable 368,000 248,000 Common shares 225,000 225,000 Retained earnings 165,540 241,480 The company had sales of $ 900,238 in 2020 and $ 716,800 in 2019. All sales were on account. Calculate the current ratio and quick ratio for Moksh Ltd. for the current and preceding years. (Round ratios to 2 decimal places, eg. 15.25.) 2020 2019 Current ratio Quick ratio 1.26 Calculate Moksh's accounts receivable turnover ratio and average collection period for the current and preceding years. For the accounts receivable turnover ratio, use the balance of accounts receivable at each year end for this calculation, rather than average balances. (Round accounts receivable turnover ratio to 2 decimal places, eg. 15.25 and average collection period to 1 decimal place, eg. 15.1. Use 365 days for calculation.) 2020 2019 Accounts receivable turnover ratio times times Average collection period days days