Requirement $1.$ a$.$ Compute the current ratios for $2023$ and $2022.($Round your final answers to two decimal places, X$.$XX$.)$

$\backslash$table$[[2023,2022],[$Current ratio $=,]]$

Requirement $1.$ b$.$ Compute the quick $($acid$-$test$)$ ratios for $2023$ and $2022.($Round your final answers to two decimal places, X$.$XX$.)$

$2023$

$2022$

Quick $($acid$-$test$)$ ratio $=$

Requirement $1.$ c$.$ Compute the days' sales outstanding for $2023$ and $2022.($Round interim calculations to two decimal places, XX$.$XX and the amounts you enter into the answer boxes $($DSO$)$ up to the next whole day.$)$

$\backslash$table$[[,2023,2022],[$Days$\text{'}$ sales outstanding $(DSO)=,$days,days$]]$

Requirement $2.$ Which ratios improved from $2022$ to $2023$ and which ratios deteriorated? Is this trend favorable or unfavorable?

The current ratio from $2022$ to $2023.$ The quick ratio from $2022$ to $2023.$ The days' sales outstanding $.$ This trend the company.

Requirement $3.$ Recommend two ways for Perfection Pools to improve cash flows from receivables.

Data table

$\backslash$table$[[,($In millions$)],[,2023,2022,2021],[$Balance sheet$],[$Current assets:$],[$Cash$,$$$,95$$$,70,50],[$Investment in trading securities$,,125,155,105],[\backslash$table$[[$Receivables$,$ net of allowance for$],[$uncollectible accounts of $$7,$$$6,$ and $$4,],[$respectively$]],,250,240,230],[$Inventories$,,350,350,300],[$Prepaid expenses,,$65.,35,50],[$Total current assets,$$,885$$$,850,735],[$Total current liabilities,$$,530$$$,625,650],[$Income statement$],[$Net sales $($all on account$),$$$,6,370$$$,$$ $4,935,$$$4,745$