Selected financial statement data for Tamarisk Company are presented below.

During $2020,$ net sales were $$1,069,860,$ and cost of goods sold was $$913,080.$

$($a$)$

Compute the current ratio at December $31,2020.($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

Current ratio

:$1$

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Attempts: unlimited

$($b$)$

Compute the acid$-$test ratio at December $31,2020.($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

Acid$-$test ratio

:$1$

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ACCOUNTS RECIVIABLE TURNOVER TIMES

INVETRORY TURNOVER TIMES