FIX THIS. THIS WILL BE IN 2 SECTIONS - Short-Term Liquidity Risk YETI Holdings, Inc. exhibits a strong short-term liquidity position, as demonstrated by its current and quick ratios. These metrics provide insight into the company's ability to meet its short-term obligations using its most liquid assets. Explanation: 1. Current Ratio: o Formula: Total Current Assets / Total Current Liabilities o Calculation: $914,405,000 / $398,353,000 2.30 o Interpretation: The current ratio of 2.30 indicates that YETI Holdings has more than twice the current assets needed to cover its current liabilities. A ratio above 1 is generally considered a sign of good short-term financial health, suggesting that the company faces low liquidity risk. This means YETI can comfortably meet its short-term obligations without financial strain. 2. Quick Ratio: o Formula: (Cash + Accounts Receivable) / Current Liabilities o Calculation: ($438,960,000 + $95,774,000) / $398,353,000 1.34 o Interpretation: The quick ratio of 1.34 further underscores YETI's strong liquidity position. This ratio excludes inventory from current assets, focusing on the most liquid assetscash and accounts receivable. A quick ratio above 1 indicates that YETI can meet its short-term obligations without relying on the sale of inventory, which is particularly reassuring in times of market volatility or unexpected demand shifts. WAIT