Question: I need help with 3(filling the blanks), 8, 9, and 11. Thank you so much. 8.Given the following information, compute the current and quick ratios:

 I need help with 3(filling the blanks), 8, 9, and 11.Thank you so much. 8.Given the following information, compute the current and

quick ratios: 9. If a firm has sales of $25,689,000 a year,

and the average collection period for the industry is 45 days, what

I need help with 3(filling the blanks), 8, 9, and 11.

Thank you so much.

8.Given the following information, compute the current and quick ratios: 9. If a firm has sales of $25,689,000 a year, and the average collection period for the industry is 45 days, what should this firm's accounts receivable be if the firm is comparable to the industry? A firm with sales of $500,000 has average inventory of $200,000. The industry average for inventory turnover is four times a year. What would be the reduction in inventory if this firm were to achieve a turnover comparable to the industry average? 8.Given the following information, compute the current and quick ratios: 9. If a firm has sales of $25,689,000 a year, and the average collection period for the industry is 45 days, what should this firm's accounts receivable be if the firm is comparable to the industry? A firm with sales of $500,000 has average inventory of $200,000. The industry average for inventory turnover is four times a year. What would be the reduction in inventory if this firm were to achieve a turnover comparable to the industry average

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