4 The financial information below presents selected information from the financial statements of Pelican Company, Sales revenue during the current year was $13,680,300 and cost of goods sold was $8,905,695. All of Pelican's soles are made on account and are due within 30 days Prior Year Current Year Cash and cash equivalents $ 553,330 $ 681,780 Accounts receivable 4,560,000 3,881,000 Inventory 921,360 1,226,440 Total current assets 8,675,030 8,465,100 Total assets 11,101,020 10,981,000 Total current liabilities 7,235,300 7,411,000 Total liabilities 8,450,900 8,242,700 Skipped Required: a. Current ratios as of the end of the current and prior year. b. Calculate the receivables turnover ratio for the current year. c. Calculate the days to collect for the current year. d. Calculate the inventory turnover ratio for the current year. e. Calculate the days to sell for the current year. Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Required Current ratios as of the end of the current and prior year. (Round your answers to 2 decimal places.) Current Year Prior Year Current Ratio Recared Required B lected information from the financial statement- ent year was $13,680,300 and cost of goods sold was $8,905,695. All of Pel are due within 30 days. Cash and cash equivalents Accounts receivable Inventory Total current assets Total assets Total current liabilities Total liabilities Prior Year $ 553,330 4,560,000 921,360 8,675,030 11,181,620 7,235,380 8,450,900 Current Year $ 601,780 3,881,800 1,226,440 8,465,100 10,981,800 7,411,000 8,242,700 Required: a. Current ratios as of the end of the current and prior year. b. Calculate the receivables turnover ratio for the current year. c. Calculate the days to collect for the current year. d. Calculate the inventory turnover ratio for the current year. e. Calculate the days to sell for the current year. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Calculate the receivables turnover ratio for the current year. (Round your answer to 2 decimal places.) Receivables Turnover Ratio