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:
Performance Accountability
The process of holding individuals or groups responsible for achieving specific outcomes or performance targets.
Customer Service
The assistance and support provided by a company to its customers before, during, and after a purchase, aiming to improve their satisfaction and loyalty.
Strategic Issues
Important questions or challenges that affect an organization's direction, vital objectives, and strategies.
Functional Group
A collection of individuals grouped based on their specific role, expertise, or function within an organization, aiming to accomplish designated tasks.
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