Question: Selected comparative financial statement data for Kokomo Inc. are shown below. KOKOMO INC. Statement of Financial Position (partial) December 31 (in thousands) 2021 2020 2019

Selected comparative financial statement data for Kokomo Inc. are shown below.

KOKOMO INC. Statement of Financial Position (partial) December 31 (in thousands)
2021 2020 2019
Current assets
Cash $ 30 $ 92 $ 60
Trading investments 56 60 40
Accounts receivable, net 675 589 492
Inventory 627 522 575
Prepaid expenses 41 52 29
Total current assets $ 1,429 $ 1,315 $ 1,196
Total current liabilities $ 867 $ 819 $ 755

Additional information:

(in thousands) 2021 2020 2019
Allowance for doubtful accounts $ 50 $ 45 $ 40
Credit sales 4,215 3,934 3,672
Cost of goods sold 2,876 2,658 2,330

Calculate all possible liquidity ratios for 2021 and 2020. (Round current ratio to 2 decimal places e.g. 2.66. Round receivables turnover and inventory turnover to 1 decimal place e.g. 6.2. Round collection period and days sales in inventory to 0 decimal places e.g. 1,266. Enter working capital amounts in thousands e.g. 525.)

2021 2020

Working capital
Current ratio :1 :1
Receivables turnover times times
Collection period days days
Inventory turnover times times
Days sales in inventory days days

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