Question: Selected financial data for Clinton Ltd. are shown below. 2021 2020 Accounts receivable (gross) Inventory Total current assets Total current liabilities Credit sales Cost of

Selected financial data for Clinton Ltd. are shown below. 2021 2020

Selected financial data for Clinton Ltd. are shown below. 2021 2020 Accounts receivable (gross) Inventory Total current assets Total current liabilities Credit sales Cost of goods sold $852,000 1,036,000 2,090,000 997,000 6.456.000 4,544,000 $762,000 982,000 2,040,000 1,108,000 6,336,000 4,641,000 2019 $661,000 837,000 1,717,000 1,226,000 5.358,000 3,902,000 (a) Calculate current ratio, receivables turnover ratio and inventory turnover ratio for 2021 and 2020. (Round answers to 1 decimal place, e.g. 15.2.) 2021 2020 :1 :1 Current ratio times times Receivables turnover times times Inventory turnover

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