GRS Ltd. Statement of Financial Position As at December 31, 2023 Cash $673,400 Accounts receivable 543,900...

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GRS Ltd. Statement of Financial Position As at December 31, 2023 Cash $673,400 Accounts receivable 543,900 Inventory 2,408,700 Property, plant, and equipment (net) 2,050,000 Land 2,456,000 $8,132,000 Accounts payable $259,000 Common shares 2,524,000 Retained earnings 5,349,000 $8,132,000 From GRS's income statement, cost of goods sold for 2023 was $1,825,000. Accounts payable on December 31, 2022 was $151,000. Calculate the current ratio, acid-test ratio, and days payables outstanding. (Round current ratio and acid-test ratio to 2 decimal places, e.g. 7.25. Round days payable outstanding to O decimal places, e.g. 53. Use 365 days for calculation.) GRS Ltd. Statement of Financial Position As at December 31, 2023 Cash $673,400 Accounts receivable 543,900 Inventory 2,408,700 Property, plant, and equipment (net) 2,050,000 Land 2,456,000 $8,132,000 Accounts payable $259,000 Common shares 2,524,000 Retained earnings 5,349,000 $8,132,000 From GRS's income statement, cost of goods sold for 2023 was $1,825,000. Accounts payable on December 31, 2022 was $151,000. Calculate the current ratio, acid-test ratio, and days payables outstanding. (Round current ratio and acid-test ratio to 2 decimal places, e.g. 7.25. Round days payable outstanding to O decimal places, e.g. 53. Use 365 days for calculation.)