Question: Using the information for Obras, Inc., in SE 4 and SE 5, compute the current ratio, quick ratio, receivable turnover, days sales uncollected, inventory turnover,

Using the information for Obras, Inc., in SE 4 and SE 5, compute the current ratio, quick ratio, receivable turnover, days’ sales uncollected, inventory turnover, days’ inventory on hand, payables turnover, and days’ payable for 20x8 and 20x9. Inventories were $8,000 in 20x7, $10,000 in 20x8, and $14,000 in 20x9. Accounts receivable were $12,000 in 20x7, $16,000 in 20x8, and $20,000 in 20x9. Accounts payable were $18,000 in 20x7, $20,000 in 20x8, and $24,000 in 20x9. The company had no marketable securities or prepaid assets. Comment on the results. (Round computations to one decimal place.)

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