Please answer ALL question $($requiremens $1-3)$

$1.$Calculate the following ratios for $2018$ and $2017.$ When calculating$$ days, round your answer to the nearest whole number.

a$.$Current ratio

b$.$Quick$($acid$-$test$)$ ratio

c$.$Inventory turnover and$$ days' inventory outstanding$($DIO$)$

d$.$Accounts receivable turnover

eDays' sales in average receivables or$$ days' sales outstanding$($DSO$)$

f$.$Accounts payable turnover and$$ days' payable outstanding$($DPO$).$ Use cost of goods sold in the formula for accounts payable turnover.

g$.$Cash conversion cycle$($in days$)$

$($When calculating$$ days, round your answer to the nearest whole$$ number.$)$

$2.$Evaluate the$$ company's liquidity and current$$ debt$-$paying ability for $2018.$ Has it improved or deteriorated from $2017?$

$3.$As a manager of this$$ company, what would you try to improve next$$ year?

$2018$

Balance Sheet:

Cash $$65000$

Short$-$term investments $8,000$

Net receivables $79,000$

Inventory $93,000$

Prepaid expenses $4000$

$$

Total current assets $249,000$

Accounts payable $80,000$

Total current liabilities $132,000$

Income statement:

Net credit sales $500,000$

Cost of goods sold $273,000$

$2017$

Balance Sheet:

Cash $$91,000$

Short$-$term investments $22000$

Net receivables $82,000$

Inventory $76,000$

Prepaid expenses $7000$

$$

Total current assets $278,000$

Accounts payable $25,000$

Total current liabilities $91,000$

Income statement:

Net credit sales $513,000$

Cost of goods sold $281,000$

$2016$

Balance Sheet:

Cash $

Short$-$term investments

Net receivables $65,000$

Inventory $60,000$

Prepaid expenses

$$

Total current assets

Accounts payable $60,000$

Total current liabilities

Income statement:

Net credit sales

Cost of goods sold