The condensed financial information given below was taken from the annual financial statements of Conter Corp.:

Required:
1. Based on the above data, calculate the following ratios for 20X4 and 20X5. Briefly explain the significance of each ratio listed. Use the following format:

2. Evaluate the overall results of the ratios, including trends.

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Current assets (including inventory) Current liabilities Cash sales Credit sales Cost of goods sold Inventory (ending) Accounts receivable Total assets (net) Projected daily operating expenditures 20X3 $ 840,000 630,000 1,360,000 1,840,000 2,352,000 604,000 252,000 5,200,000 12,600 20X4 $1,008,000 672,000 1,276,000 2,176,000 2,457,000 688,000 268,800 6,040,000 13,020 20X5 $ 1,176,000 588,000 2,444,000 2,050,000 2,520,000 520,000 256,200 6,880,000 12,180