Using the following ratios from AT&T, please answer the following questions.

	2017	2018	2019	2020	2021
Liquidity Ratios
Current Ratio	0.97	0.80	0.79	0.82	0.70
Quick Ratio	0.82	0.49	0.50	0.47	0.45
Operating Performance Ratios
Days of Sales in Inventory	-	-	-	-	15.84
Days of Sales Outstanding	37.87	45.95	49.46	45.53	40.84
Days of Payables Outstanding	109.59	118.25	122.89	140.38	143.13
Receivables Turnover	9.64	7.94	7.38	8.02	8.94
Inventory Turnover	-	-	-	-	23.04
Fixed Assets Turnover	1.28	1.33	1.27	1.12	1.12
Total Assets Turnover	0.38	0.35	0.33	0.32	0.31
Profitability Ratio
Gross Profit Margin %	51.80	53.49	53.56	53.47	52.74
Operating Profit Margin %	14.86	15.31	16.23	14.72	16.73
Net Profit Margin %	18.34	11.34	7.67	-3.13	11.77
Return on Investment Ratios
ROA %	6.95	3.97	2.57	-1.00	3.69
ROE %	22.31	11.92	7.55	-3.10	12.12

1. How liquid is the company?

2. Is management generating a substantial profit on the company's assets? 3. If the management of the company would like to improve the company's financial performance, what should the management of AT&T do?