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Use the following information to answer questions 36-38. Green Thumb Garden Supplies reported the following information for 2021 and 2022. 2022 2021 Assets Cash $

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Use the following information to answer questions 36-38. Green Thumb Garden Supplies reported the following information for 2021 and 2022. 2022 2021 Assets Cash $ 50,000 $ 45,000 Accounts receivable. 35,000 25,000 Inventory.. 25,000 20,000 Property, plant, and equipment. 240,000 210.000 Total assets $350.000 $300.000 Liabilities and Shareholders' Equity Current liabilities $ 65,000 $ 60,000 Non-current liabilities 110,000 90,000 Shareholders' equity-common.. 175,000 150,000 Total liabilities and shareholders' equity... $350.000 $300.000 Statement of income for 2022 Sales $95,000 Cost of goods sold. 45.000 Gross profit 50,000 Operating expenses. 15.000 Income before income tax 35,000 Income tax expense. 5.000 Net income... $30.000 36. What is the current ratio for 2022? a) 2.0:1 b) 1.7:1 c) 1.6:1 d) 0.6:1 37. What is the receivables turnover ratio for 2022? a) 2.7 times b) 2.0 times c) 3.2 times d) 3.8 times 38. What is the inventory turnover ratio for 2022? a) 2.3 times b) 2.0 times c) 1.8 times d) 0.5 times

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