Working Capital and Short-Term Liquidity Ratios Ritter Company has a current ratio of 3.00 on December 31 . On that date the company's current assets are as follows: Ritter Company's current liabilities at the beginning of the year were $150,000 and during the year its operating activities provided a cash flow of $60,000. a. What are the firm's current liabilities on December 31? b. What is the firm's working capital on December 31 ? c. What is the quick ratio on December 31 ? d. What is Bell's operating-cash-flow-to-current-liabilities ratio? 3-7A. Accounts Receivable and Inventory Ratios Ritter Company, whose current assets at December 31 are shown in Exercise E13-6A, had net sales for the year of $850,000 and cost of goods sold of $550,000. At the beginning of the year, Ritter's accounts receivable (net) were $160,000 and its inventory was $175,000. a. What is the company's accounts receivable turnover for the year? b. What is the company's average collection period for the year? c. What is the company's inventory turnover for the year? d. What is the company's days' sales in inventory for the year