The financial information below presents selected information from the financial statements of Pelican Company. Sales revenue during the current year was $13,700,300 and cost of goods sold was $8,905,195. All of Pelican's sales are made on account and are due within 30 days. 
Required:
Part a. Current ratios as of the end of the current and prior year.
Part b. Calculate the receivables turnover ratio for the current year.
Part c. Calculate the days to collect for the current year.
Part d. Calculate the inventory turnover ratio for the current year.
Part d. Calculate the days to sell for the current year.
Part e. Evaluate the company's liquidity position at the end of the current year. Cite any additional information not given in the problem that would be helpful in evaluating the company's liquidity.
Round all ratios to two decimal places.
Definitions:
Plump
Having a full, rounded shape; often used to describe a slightly overweight or well-nourished appearance.
Prosperity
A state of flourishing, success, or good fortune, particularly in terms of financial or material wealth.
Laziness
A lack of willingness to act or exert effort, often resulting in inactivity or avoidance of work.
Thrifty Metabolism
A theory suggesting some individuals' bodies are more efficient at storing fat and using energy, historically advantageous but now possibly linked to obesity.
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