The following financial statements apply to Bedford Appliances, Inc.: BEDFORD APPLIANCES, INC. Balance Sheets As of December 31 2019 2018 Assets Current assets Cash $118,000 $91,000 Marketable securities 24,000 18.000 Accounts receivable (net) 112,000 108,000 Inventories 180,000 192,000 Prepaid expenses 27,000 14.000 Total current assets 461,000 423,000 Investments Plant (net) Other Total assets 120,000 120,000 260,000 254,000 81,000 74.000 $922,000 $871.000 continued Liabilities and Stockholders' Equity. Liabilities Current liabilities. Notes payable... Accounts payable. Other Total current liabilities Noncurrent liabilities Bonds payable. Other $ 20,000 80,000 $ 15.000 38,000 66,000 9,000 166,000 62,000 110,000 210,000 26,000 12,000 136,000 222,000 302,000 284,000 Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock ($100 par. 4% cumulative, non- participating; $100 liquidating value; 1,000 shares authorized and issued; no dividends in arrears) 100,000 100,000 Common stock (no par. 50,000 shares authorized; 12,000 shares issued) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 240,000 240,000 280.000 247,000 620,000 587,000 $922.000 $871,000 2019 2018 Revenues Sales (net) Other revenues $240,000 $230,000 7,000 4,000 Total revenues 247,000 234,000 Expenses Cost of goods sold 143,000 130,000 Selling, general, and administrative 46,000 57,000 Bond interest expense 7,000 10,000 Income tax expense 8,000 14,000 Total expenses 204,000 211,000 Net income 43,000 23,000 Retained earnings, January 1 247,000 234,000 Less: Preferred stock dividends Common stock dividends Retained earnings, December 31 4.000 4,000 6,000 6,000 $280,000 $247,000 Required Calculate the following ratios for 2019 by rounding to two decimal points: a. Working capital. b. Current ratio. c. Quick ratio. d. Accounts receivable turnover. e. Average days to collect accounts receivable. f. Inventory turnover. g. Average days to sell inventory. h. Debt to assets ratio. i. Debt to equity ratio. j. Times interest was earned.