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The following amounts were reported in a company's most recent year-end financial statements: Cash $129,062 Accounts receivable 153,776 Short-term investments 21,968 Inventory 389,932 Prepaid insurance

The following amounts were reported in a company's most recent year-end financial statements:

Cash $129,062
Accounts receivable 153,776
Short-term investments 21,968
Inventory 389,932
Prepaid insurance 43,936
Accounts payable 84,000
Wages payable 37,000
Income tax payable 41,000
Sales tax payable 16,000
Short-term notes payable 85,000
Bank loan payable 58,000
Sales revenue 961,100

Additional information: The bank loan payable is repayable in annual principal payments of $11,600

1-Calculate the current ratio. (Round answer to 2 decimal places, e.g. 15.25.)

2-Calculate the quick ratio. (Round answer to 2 decimal places, e.g. 15.25.) 3-Calculate the accounts receivable turnover ratio (just use the current year's Accounts Receivable balance). (Round answer to 2 decimal places, e.g. 15.25.)

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