The following information pertains to XYZ Company. Assume that all statement of financial position amounts represent both average and ending balance figures. Assume that all sales were on credit $ 210,000 20,000 30,000 45.000 $305.000 Property, plant and equipment Inventory Accounts receivable (net) Cash and short-term investments Total Assets Shareholders equity---ordinary Non-current liabilities Current liabilities Total Equity and Liabilities Equity and liabilities $ 160,000 95,000 50.000 $305.000 income Statement Sales revenue $ 120,000 Cost of goods sold 66.000 Gross margin 54,000 Operating expenses 30.000 Net income $ 24,000 Question: The current ratio and accounts receivable turnover for XYZ.company are respectively 1. Current ratio1.90, accounts receivable turnover 4.0 times ll. Current ratio 1.50, accounts receivable turnover 2.5 times III. Current ratio1.30, accounts receivable turnover 22 times IV. Current ratio 1.90, accounts receivable turnover 1.8 times