Ratio Analysis Consider the following information taken from Niagara Water Slide's (NWS's) financial statements:

Also, NWS's operating cash flows were \(\$ 25,658\) and \(\$ 29,748\) in 2018 and 2017 , respectively. Note: Round all answers to two decimal places.
\section*{Required:}
1. Calculate NWS's current ratio for 2018 and 2017.
2. Calculate NWS's quick ratio for 2018 and 2017.
3. Calculate NWS's cash ratio for 2018 and 2017.
4. Calculate NWS's operating cash flow ratio for 2018 and 2017.
5. Calculate NWS's trade payable turnover ratio for 2018. Assume cost of goods sold is \(\$ 75,000\).
6. CONCEPTUAL CONNECTION Provide some reasons why NWS's liquidity may be considered to be improving and some reasons why it may be worsening.

\section*{Case

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September 30 (in thousands) 2018 2017 Current assets: Cash and cash equivalents $ 2.548 $12,900 Receivables 60.142 33,096 Inventories 63.592 28,144 Other current assets 9.636 5.240 Total current assets $135.918 $79,380 Current liabilities: Current portion of long-term debt $ 194 $ 7,060 Accounts payable 46.248 22.456 Accrued compensation costs 11.212 3,858 Accrued expenses 18.216 10,108 Other current liabilities 1,748 1,554 Total current liabilities $77,618 $45,036