Guess Inc. is a competitor of Benetton Group. Selected financial statement information for this company over the most recent six-year period is shown below.

\section*{Required:}
1. Compute the current ratio for each of the six years, and comment on the six-year trend of the ratio.
2. Compute the trade payables turnover ratio and the average age of payables for the years \(2005-\) 2009. Did the company improve on its management of trade payables? Explain.

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2009 2008 2007 Current assets 894,189 814,739 Current liabilities Cost of sales Trade payables 335,884 1,170,762 192,168 382,156 957,147 210,258 563,487 279,529 690,315 665,805 555,223 258,725 249,539 182,175 2006 558,892 410,777 283,896 217,226 2005 2004 271,023 132,799 455,278 71,588