Blossom Medical manufactures hospital beds and other institutional furniture. The company’s comparative balance sheet an

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Blossom Medical manufactures hospital beds and other
institutional furniture. The company’s comparative balance sheet
and income statement for 2019 and 2020 follow.
(a-d)
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Calculate the following liquidity ratios for
2020. (If working capital is negative then enter
with a negative sign preceding the number or parentheses, e.g.
-15,000 or (15,000). Round all answers except working capital to 2
decimal places, e.g. 2.55.)
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(e-f)
Calculate the following liquidity ratios for
2020. (Round average collection period to 0
decimal place, e.g. 25 and inventory turnover ratio to 2 decimal
places, e.g. 5.12. Use 365 days for calculation.)
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(g)
Calculate average days to sell inventory for
2020. (Round answer to 0 decimal places, e.g. 25.
Use 365 days for calculation.)
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