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

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

MARX INC. Statement of Financial Position (partial) December 31 (in thousands)
2021 2020 2019
Current assets
Cash $ 30 $ 91 $ 59
Trading investments 55 60 40
Accounts receivable, net 678 591 498
Inventory 627 524 570
Prepaid expenses 41 52 29
Total current assets $ 1,431 $ 1,318 $ 1,196
Total current liabilities $ 870 $ 818 $ 747

Additional information:

(in thousands) 2021 2020 2019
Allowance for doubtful accounts $ 50 $ 45 $ 40
Credit sales 4,216 3,900 3,718
Cost of goods sold 2,885 2,641 2,345

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.)

Please answer all those highlighted in RED.

Selected comparative financial statement data for Marx Inc. are shown below. MARX

2021 2020 Working capital TA 561 $ 500 Current ratio 1.68 :1 1 1.61 :1 Receivables turnover 6.64 times 72 times Collection period 55 days 51 days

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