You have been asked to evaluate the liquidity position of Burgos Fitness Center. The following data are from Burgos' annual report: Cash Trading Investments Accounts Receivable: January 1 December 31 Merchandise Inventory January 1 December 31 Current Liabilities Cost of Goods Sold Credit Sales Required: Using the data, calculate Burgos' 1. Working capital 2. Current ratio 3. Quick ratio 4. Inventory turnover 5. Accounts receivable turnover 6. Average age of receivables 130,000 60,000 156,000 214,000 252,000 214,000 240,000 3,000,000 5,000,000