The financial information below presents selected information from the financial statements of Pelican Company.Sales revenue in 2014 was $13,700,300.Cost of goods sold was $8,905,195. 
A.Calculate the following.Round to two decimal places.1)Receivables turnover ratio assuming all Pelican's sales are made on account.2)Current ratios as of December 31,2014,and as of December 31,2013.3)Quick ratio as of December 31,2014,and as of December 31,2013.4)Inventory turnover ratio.
B.Evaluate the company's liquidity position at 12/31/2014.Cite any additional information not given in the problem that would be helpful in evaluating the company's liquidity.
Definitions:
Bimodal
Characterized by having two distinct peaks or modes in a distribution of data.
Skewed
Describes a distribution that is asymmetrical with a tail that extends more pronouncedly to one side than the other, either to the right or left.
Gymnasts
Athletes who perform sequences of movements requiring flexibility, strength, and coordination, primarily on apparatus such as rings, bars, and mats.
Cost of Living
The amount of money needed to sustain a certain level of living, including basic expenses such as housing, food, taxes, and healthcare.
Q13: Several researchers have argued that social control
Q16: Which of the following statements regarding bonds
Q20: Which of the following would be included
Q24: Critical criminology seeks ways to better manage
Q27: Which of the following statements is not
Q40: A company has $72,500 in inventory at
Q46: Which of the following best describes Wacquant's
Q50: Which of the following is a social
Q130: A company pays $18,000 in interest on
Q140: IBM issues 200,000 shares of stock with