The information below is for $20$ AND $21$

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Joez Inc has the following:

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$2017$

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$2018$

$2019$

Total Assets

$100$

$110$

$120$

Cunent Liabilities

$10$

$10$

$10$

$,.,$

Current Ratio

$1$

$2$

$.)$

Cash Ratio

$\mathrm{.}5$

$1\mathrm{.}5$

$2\mathrm{.}5$

Debt$/$Equity Ratio

l

$1\mathrm{.}2$

$1\mathrm{.}4$

TIER

$2$

$1\mathrm{.}9$

$1\mathrm{.}8$

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CaroJo Inc has the following:

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$2017$

$2018$

$2019$

Total Assets

$100$

$100$

$100$

Current Liabilities

$10$

$10$

$10$

Cunent Ratio

$1$

l

$1$

Cash Ratio

$\mathrm{.}5$

$\mathrm{.}5$

$\mathrm{.}5$

Debt$/$Equity Ratio

$1$

$1$

$1$

TIER

$2$

$2$

$2$

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$14)(4$ pts$)$ Based on the above information, Joez Inc has been able to increase its CmTent Ratio, Quick Ratio and Cash Ratio over the three years. Please explain how it was able to do so$?$ In other words, what is driving the numbers?

Joez was able to increase or decrease $($circle one$)$

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its sales or short$-$term debt or long$-$term debt or net income $($circle one$)$ and put it into inventory or receivables or$$ cash $($circle one$).$

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$21(4$ pts$)$ As a business consultant, do you think that Joez sent a signal to the market that it is a stronger company than CaroJo? Please explain.