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

WALLA WALLA INC. Statement of Financial Position (partial) December 31 (in thousands)
			2021			2020			2019
Current assets
	Cash		$	30		$	92		$	61
	Trading investments			55			60			40
	Accounts receivable, net			670			590			500
	Inventory			625			522			574
	Prepaid expenses			41			52			29
Total current assets			$	1,421		$	1,316		$	1,204
Total current liabilities			$	871		$	821		$	749

Additional information:

(in thousands)		2021			2020			2019
Allowance for doubtful accounts		$	50		$	45		$	40
Credit sales			4,157			3,972			3,727
Cost of goods sold			2,928			2,637			2,345

(a)

Partially correct answer icon

Your answer is partially correct.

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.)