relevant to your decision. decimal places.) decimal places.) problem statement, X.X. Round your answers to two decimal places.) Now, calculate the days' sales in average receivables for 203 and 20X2. Enter the amounts, and then divide. (Round your answers to two decimal places.) Specify how each item of information is relevant to your decision. Complete the following sentences. The current ratio measures the company's ability to pay ratio does not include The acid-test ratio is The days' sales in receivables tells how long it takes to collect stringent measure of a company's ability to pay than the current ratio. The acid-test The four liquidity ratios from 202 to 203. This trend Stage Pools because it shows that the company has its ability to meet its financial obligations and is collecting receivables or timelier basis. Stage Pools can improve its liquidity by and/or C improved maintained reduced d converting some accounts receivables to long-term note receivable discontinuing the use of credit cards offering discounts for early payments e decreasing penalties for late payment. emphasizing credit cards for sales. providing better customer support. Comparative financial data Required 1. As a financial advisor to an investor of Stage Pools, calculate the information for 20X3 and 20X2 that would be relevant in determining the company's liquidity position, and specify how each item of information is relevant to your decision. 2. Complete a memo explaining to your client the results of your evaluation including recommendations that will help Stage Pools improve its liquidity