To receive full credit for your answer, you must show all computations. Compute the following ratios at December 31, 2020: (a) Current ratio (b) Accounts receivable turnover (c) Average collection period (d) Inventory turnover (e) Days in inventory E Armada Company has the following comparative balance sheet data: ARMADA COMPANY Balance Sheets December 31 Cash Accounts receivable (net) Inventory Plant assets (net) 2020 $ 40,000 65,000 60,000 185.000 $350,000 $ 50,000 100,000 140,000 60.000 $350,000 2019 $ 30,000 60,000 50.000 180,000 $320,000 $60,000 100,000 120,000 40.000 $320.000 Accounts payable Mortgage payable (15%, due in 15 years) Common stock, $10 par Retained earnings Additional information for 2020 1. Net income was $25,000 2. Net sales on account were $425,000 3. Cost of goods sold was $275,000 To receive full credit for your answer, you must show all computations, Compute the following ratios at December 31, 2020 (6) Current ratio Click Save and Submit to one and submit. Click Save All Also dalla Type here to search O i 2