Please do all requirements!! $(1-3)$

$1.$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

e$.$Days' 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$93000$

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$220,000$

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 $ $0$

Short$-$term investments $0$

Net receivables$65,000$

Inventory$60,000$

Prepaid expenses $0$

Total current assets $0$

Accounts payable$60,000$

Total current liabilities $0$

Income statement: $0$

Net credit sales $0$

Cost of goods sold $0$