\begin{tabular}{lcr} & \multicolumn{2}{c}{ Big Al's Burger Joint } \\ & \begin{tabular}{r} Balance Sheet \\ December 31, 2022 \end{tabular} \\ Assets & 2022 & \multicolumn{1}{c}{2021} \\ Cash & $120,000 & $110,000 \\ Accounts Receivables & 135,000 & 95,000 \\ Inventory & 270,000 & 240,000 \\ Building and Equipment & 750,000 & 800,000 \\ & & \\ Total & $1,275,000 & $1,245,000 \\ & & \\ Liabilities \& Equity & & \\ Accounts Payable & $152,000 & $208,000 \\ Accrued Liabilities & 12,000 & 16,000 \\ Notes Payable & 160,000 & 160,000 \\ Common Stock & 500,000 & 500,000 \\ Retained Earnings & 451,000 & 361,000 \\ \cline { 2 - 3 } Total & & \\ \cline { 2 - 3 } & $1,275,000 & $1,245,000 \end{tabular} Income Statement Year End December 31, 2022 \begin{tabular}{lr} Net sales & $1,200,000 \\ Cost of Goods Sold & 700,000 \\ Gross Margin & 500,000 \end{tabular} Operating Expenses \begin{tabular}{lr} Depreciation Expense & 70,000 \\ Other Expenses & 270,000 \\ Income Taxes & 40,000 \end{tabular} Net Income $120,000 Calculate the Quick Ratio 1.55 2.75 3.20 4.10 Question 19 Calculate the Accounts Receivable Turnover 12.00 12.50 10.40 13.00 Question 20 Calculate the Inventory Turnover 2.00 (B) 2.50 (C) 2.75