Question: Current Attempt in Progress Selected financial data for Crown Point Ltd. are shown below. 2021 2020 2019 Accounts receivable (gross) $861,000 $765,000 $646,000 Inventory 1,022,000

Current Attempt in Progress Selected financial
Current Attempt in Progress Selected financial data for Crown Point Ltd. are shown below. 2021 2020 2019 Accounts receivable (gross) $861,000 $765,000 $646,000 Inventory 1,022,000 973,000 849,000 Total current assets 2,063,000 1,963,000 1,673,000 Total current liabilities 1,013,000 1,083,000 1,227,000 Credit sales 6,498,000 6,272,000 5,429,000 Cost of goods sold 4,511,000 4,483,000 4,016,000 (a) Calculate current ratio, receivables turnover ratio and inventory turnover ratio for 2021 and 2020. (Round answers to 1 decimal place, e.g. 15.2.) 2021 2020 Current ratio : 1 : 1 Receivables turnover times times Inventory turnover times times

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