Question: The 5 ratio problems use the data below. 1. What is the current ratio as of December 31, 2020? Answer to the nearest decimal point

The 5 ratio problems use the data below.

1. What is the current ratio as of December 31, 2020? Answer to the nearest decimal point (for example, 120.5).

2. What is the Accounts Receivable Turnover ratio as of December 31, 2020? Answer to the nearest decimal point (for example, 120.5).

3. What is the Days' Sales Uncollected (in days) as of December 31, 2020? Answer to the nearest decimal point (for example, 120.5).

4. What is the Inventory Turnover ratio as of December 31, 2020? Answer to the nearest decimal point (for example, 120.5).

5. What is the number of Days' Sales in Inventory as of December 31, 2020? Answer to the nearest decimal point (for example, 120.5).

Balance as Of December 31st 12/31/2020 12/31/2019
Cash $ 200 $ 600
Accounts Receivable 1,000 800
Inventory 2,000 1,600
Total Current Assets 3,200 3,000
Other Assets 600 400
Total Assets $ 3,800 $ 3,400
Current Liabilities $ 1,600 $ 2,200
Other Liabilities 1,200 200
Total Liabilities 2,800 2,400
Stockholders' Equity 1,000 1,000
Total Liabilities and S/H Equity $ 3,800 $ 3,400
12/31/2020
Net Sales $ 4,500
Cost of Goods Sold 3,600
Gross Profit 900
Selling, General & Admin. Expenses 300
Net Income $ 600

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