Liquidity management Bauman Company's total current assets, total current liabilities, and inventory for each of the...

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Liquidity management Bauman Company's total current assets, total current liabilities, and inventory for each of the past 4 years follow: Item Total current assets Total current liabilities Inventory 2019 2020 2021 2022 $17,210 8,710 5,760 $21,760 13,060 6,540 $22,880 $26,730 12,780 6,920 17,370 7,390 a. Calculate the firm's current and quick ratios for each year. Compare the resulting time series for these measures of liquidity. b. Comment on the firm's liquidity over the 2019-2022 period. c. If you were told that Bauman Company's inventory turnover for each year in the 2019-2022 period and the industry averages were as follows, would this information support or conflict with your evaluation in part (b).? Why? Item Bauman Company Industry Average 2019 6.3 2020 2021 2022 6.8 7.0 6.4 11.3 11.9 11.5 11.7 a. Calculate the firm's current and quick ratios for each year. Bauman Company's current ratio for year 2019 is Bauman Company's current ratio for year 2020 is Bauman Company's current ratio for year 2021 is Bauman Company's current ratio for year 2022 is (Round to two decimal places.) (Round to two decimal places.) (Round to two decimal places.) (Round to two decimal places.) Liquidity management Bauman Company's total current assets, total current liabilities, and inventory for each of the past 4 years follow: Item Total current assets Total current liabilities Inventory 2019 2020 2021 2022 $17,210 8,710 5,760 $21,760 13,060 6,540 $22,880 $26,730 12,780 6,920 17,370 7,390 a. Calculate the firm's current and quick ratios for each year. Compare the resulting time series for these measures of liquidity. b. Comment on the firm's liquidity over the 2019-2022 period. c. If you were told that Bauman Company's inventory turnover for each year in the 2019-2022 period and the industry averages were as follows, would this information support or conflict with your evaluation in part (b).? Why? Item Bauman Company Industry Average 2019 6.3 2020 2021 2022 6.8 7.0 6.4 11.3 11.9 11.5 11.7 a. Calculate the firm's current and quick ratios for each year. Bauman Company's current ratio for year 2019 is Bauman Company's current ratio for year 2020 is Bauman Company's current ratio for year 2021 is Bauman Company's current ratio for year 2022 is (Round to two decimal places.) (Round to two decimal places.) (Round to two decimal places.) (Round to two decimal places.)