This discussion involves students performing ratio analysis to measure how efficient a company is in using its assets. This involves demonstrating knowledge from Chapters 5,6 , and 7 of our course text. The following information applies to the discussion requirements displayed below. Income statements for the current year and one year ago follow. Assume that all sales are on credit. The year-end balance sheets follow. Post a reply to this discussion including all requirements below. For any ratio calculations, show your calculation; for example, 6,517/(156+187)=38.0 times. Round all final answers to two decimal points (e.g., 78.27). This information should be included in one post reply; only your first post reply will be graded (i.e., you cannot edit your initial post or add to it later). 1. Inventory turnover: Calculate inventory turnover for Current Year and 1 Year Ago. Indicate if the ratio has improved or worsened in the current year. 2. Days' sales in inventory: Calculate days' sales in inventory for Current Year and 1 Year Ago. Indicate if the ratio has improved or worsened in the current year. 3. Accounts receivable turnover: Calculate accounts receivable turnover for Current Year and 1 Year Ago. Indicate if the ratio has improved or worsened in the current year. 4. Days' sales uncollected: Calculate days' sales uncollected for Current Year and 1 Year Ago. Indicate if the ratio has improved or worsened in the current year. 5. Reflection: Review the ratio results and express what they collectively suggest about how efficient the company is in using its assets