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

	2017		2016
Cash assets Marketable securities Receivables Inventories Prepaid expenses Property, plant and equipment Current liabilities Revenue (sales on credit) Cost of sales	$33 100 107 000 72 500 182 000 4 200 300 000 178 200 950 600 570 700		$35 900 100 300 73 900 166 800 6 300 258 700 160 500 902 900 532 800

Required

A.   Calculate the following for 2017 to one decimal place:

1.   Current ratio

2.   Quick ratio

3.   Receivables turnover ratio

4.   Average collection period of accounts receivable

5.   Inventory turnover ratio

6.   Average period for inventory turnover.

B.   Analyse Porcini’s liquidity.