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Ratio Analysis

Consider the following information taken from Chicago Water Slide's $($CWS$\text{'}$s$)$ financial statements:

September $30$

$($in thousands$)$

$20232022$

Current assets:

Cash and cash equivalents $$2,548$ $$12,900$

Receivables $60,14233,096$

Inventories $63,59228,144$

Other current assets $9,6365,240$

Total current assets $$135,918$ $$79,380$

Current liabilities:

Current portion of long$-$term debt $$194$ $$7,060$

Accounts payable $46,24822,456$

Accrued compensation costs $11,2123,858$

Accrued expenses $18,21610,108$

Other current liabilities $1,7481,554$

Total current liabilities $$77,618$ $$45,036$

Also, Chicago Water Slide's Operating Cash Flows were $$28,719$ and $$28,823$ in $2023$ and $2022,$ respectively.

Required:

Round your answers to two decimal places.

$1.$ Calculate the current ratio for $2023$ and $2022.$

Current Ratio

$2023$ fill in the blank $1$

$2022$ fill in the blank $2$

$2.$ Calculate the quick ratio for $2023$ and $2022.$

Quick Ratio

$2023$ fill in the blank $3$

$2022$ fill in the blank $4$

$3.$ Calculate the cash ratio for $2023$ and $2022.$

Cash Ratio

$2023$ fill in the blank $5$

$2022$ fill in the blank $6$

$4.$ Calculate the operating cash flow ratio for $2023$ and $2022.$

Operating Cash Flow Ratio

$2023$ fill in the blank $7$

$2022$ fill in the blank $8$

$5.$ Conceptual Connection: Provide some reasons why CWS$\text{'}$s liquidity may be considered to be improving and some reasons why it may be worsening.

CWS$$s liquidity appears to hold constant when one looks only at the

$.$ However, because the

may not be easily converted to cash, the liquidity of CWS may be worsening.