Sign in M Find - Font Editing HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW s Arial - 12 AA AA E # ABbcend AaBbccd AaBbc BIU. x. * A-Y.A. == DE -1. 1 Normal 1 No Spac... Heading 1 Paragraph Styles 6 2 The Kalino Hotel's current assets and current liabilities from the past 3 years' balance shoots are 2017 2018 2019 CURRENT ASSETS Cash 15,000 10,000 8,000 Marketable Securities 30,000 25,000 20,000 Accounts Receivable (net) 70,000 85,000 95,000 Inventory-Food 20,000 22,000 25,000 Prepaid Expenses 10.000 12 000 15,000 TOTAL CURRENT ASSETS 145,000 154,000 163,000 CURRENT LIABILITIES Accounts Payable 60,000 62,000 65,000 Notes Payable 30,000 30,000 30,000 Wagos Payable 20,000 22,000 25,000 Taxes Payable 10,000 11.000 12,000 TOTAL CURRENT LIABILITIES $ 120,000 125,000 132,000 *Selected Operations Data Sales (total) $..1.000.000 1,100,000 1,200,000 Cost of Food Consumed 150,000 160,000 168,000 Note: Assume that 50% of the sales were on account 1 Compute the ratios trend of the following: A Curront Ratio (all 3 years) C. Accounts Receivable Turnover (last 2 years) B. Acid-Test Ratio (all 3 years) D. Inventory Turnover (last 2 years) I. Based on the above calculated rates, discuss the liquidity trends of the Kaline Hotel