Use the summarized financial information for The J$.$ Willis Holding Company $($JWHC$)$ shown in the table

below for problems $1$ through $4.$

For both years, calculate the current ratio, quick ratio, NWC$,$ and WCR$.$ Interpret the values for the

current year. Also, discuss the observed two$-$year trend in solvency.

For both years, calculate the CCC $($and its components$),$ the NLB$,$ and DCH$.$ Interpret the values for the

current year. Also, discuss the observed two$-$year trend in liquidity.

Suppose that a creditor stipulates that JWHC must maintain a quick ratio of $1\mathrm{.}50.$ Use the values for cur$-$

rent liabilities in the current year to calculate the required level of cash holdings and accounts receivable.

If the CFO of JWHC wants the firm to target a WCR of $o$,$ then what change in current operating assets

is required $($all else constant$)?$