Partial Comparative Balance Sheet and Income Statement for the Star Corporation appear below. a. (20 Points) - Compute the current ratio, quick ratio, accounts receivable turnover and average days uncollected for 2017. The terms for sales and purchases are 2/10, n/30. b. (10 Points) - Make a Vertical Analysis of the Income Statement for 2016 and 2017 c. (10 Points)-Make 2 pertinent observations to bring to management's attention regarding your vertical & ratio analysis. (In Thousands) (In Thousands) 2017 2016 Cash Marketable Securities Accounts Receivable Inventory Building (At Book Value) Land Patents $15,000 5,000 16,000 4,000 70,000 15,000 50,000 $2,000 4,000 24,000 20,000 75,000 25,000 50,000 $175,000 $200,000 Total Assets 30,000 55,000 5,000 60,000 Current Liabilities Long Term Liabilities 85,000 65,000 Total Liabilities $40,000 20,000 $80,000 40,000 Net Sales Cost of Goods Sold $20,000 $40,000 Gross Profit on Sales 2,000 4,000 20,000 Selling Expenses General & Administrative Expenses 8,000 $14,000 $12,000 Net Income