What is the answer to C? show calculation please

Question 1 Sandhill Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow Sandhill Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash Accounts receivable, net Inventory Other current assets $380,000 $417,500 776,400 681,050 247,050 2,526,300 2,122,000 8,439,965 $11,230,120 $10,561,965 1,023,000 742,000 381,300 Total current assets Property, plant, & equipment, net 8,703,820 Total assets Liabilities and Stockholders' Equity Current liabilities Long-term debt $3,169,000 $2,846,000 3,702,700 3,892,600 6,738,600 58,950 103,900 4,194,870 3,660,515 3,823,365 Total liabilities and stockholders' equity 56 965 Total liabilities Preferred stock, $5 par value Common stock, $0.25 per value Retained earnings 6,871,700 58,950 104,600 Total stockholders' equity 4,358,420 Sandhill Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2016 2015 Sales revenue (all on account) Cost of goods sold Gross profit Operating expenses Net operating income Interest expense Net income before taxes Inco e taxes (30%) Net income Dividends paid $10,177,300 $9,614,000 5,612,000 5,298,700 4,565,300 4,315,300 2,634,200 1,681,100 308,650 1,424,650 1,372,450 411,735 $960,715 2,840,300 1,725,000 300,350 427,395 $997,255 Preferred dividends Common dividends Total dividends paid 29,500 413,050 442,550 518,165 3,142,350 $4,194,870 $3,660,515 29,450 433,450 462,900 534,355 3,660,515 Net income retained Retained earnings, beginning of year Retained earnings, end af year aYour answer is partially correct. Try again. Calculate the following liquidity ratios for 2016. (If working capital is negative then enter with a negative sign preceding the number or parentheses, e.g.-15,000 or (15,000). Round all answers except working capital to 2 decimal places, e.g. 2.55) a. Working capital b. Current ratio c. Acid-test retio d. Accounts receiveble turnover Click if you would like to Show Work for this question: Open Show Work 11.31 times