The following information has been extracted from the financial statements and the notes of Porcini Ltd.

Required

(a) Calculate the following for 2020 to one decimal place:

i. current ratio 

ii. quick ratio 

iii. receivables turnover ratio 

iv. average collection period of accounts receivable 

v. inventory turnover ratio vi. average period for inventory turnover.

(b) Analyse Porcini’s liquidity.

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Cash assets Marketable securities Receivables Inventories Prepaid expenses Property, plant and equipment Current liabilities Revenue (sales on credit) Cost of sales 2020 $ 33100 107 000 72500 182 000 2019 $ 35900 100 300 73900 166 800 6300 258 700 4200 300 000 178200 950 600 570700 160 500 902 900 532 800