Current Quick AR turnover Inventory turnover Return on sales Asset turnover ROA Debt ratio TIE 2012 2.65 1.54 8.14 6.17 14.74% 1.22 17.97% 40.64% 4.20 2013 2.5 1.5 5.9 4.62 9.63% 1.06 17.97% 44.41% 1.89 For this assignment you will need to analyze 2 years of ratios to assess the performance of a firm. A list of the ratios/formulas can be found in Chapter 7 of the textbook (pages 131 - 139). For each statement, you should identify the appropriate ratio and then identify if you agree or disagree with the statement Each statement is worth 2 points.Partial credit is available for identifying the appropriate ratio and marking the wrong agree/disagree. I will have to manually adjust grades for this so your score may improve after I clean up the file. This is due on Sunday, October 18th. You will have one untimed attempt with the ability to start/stop. Agree Disagree Current Ratio Quick Ratio AR Turnover Inventory Turnover Return on Sales Asset Turnover ROA Debt Ratio TIE il QUESTION 1 This firm is keeping more of its sales as profit in 2013 than in 2012. Ratio used: Agree/disagree