Dec 31, 2020 Dec. 31. 2019 Dec. 31. 2018 Current assets Cash $11.500 $35,100 $32,300 Accounts receivable 16.900 14,000 9,800 Inventory 171.400 124,800 116,900 I Prepaid expenses 7.500 8,100 6.500 Total current assets $207,300 $182,000 $165,500 Current liabilities Accounts payable $63.600 $48,200 $33,200 Salaries payable 5,100 5.900 4.100 Income tax payable 2.200 1.300 1.900 Total current liabilities $70.900 $55,400 $39.200 During 2020, credit sales and cost of goods sold were $170,000 and $103,000, respectively. The 2019 and 2018 credit sales were $189,000 and $185,000, and the cost of goods sold for the same periods were $98,000 and $100,000, respectively. The accounts receivable and inventory balances at the end of 2017 were $6,100 and $96,000, respectively. (a1) Using the above data calculate the following ratios: (Round receivables turnover ratio and average collection period to 1 decimal place, eg, 15.2, days in inventory to decimal places, eg 152 and all other answers to 2 decimal places, eg. 15.25.) 2020 2019 2018 a. Current ratio :1 b. Quick ratio :1 :1 C Receivables turnover ratio times times times Average collection period days days days d. Inventory turnover ratio times times times Days in inventory days days days