1. Calculate the following ratios: Current Ratio = CA/CL Quick Ratio = (CA - Inventory)/CL NWC = CA-CL NWC = WCR + NLB 2017 2016 2015 2014 2013 Current Ratio 2.27 Quick Ratio 1.60 NWC 1.75 1.46 1.50 1.16 0.95 1.07 $ 447 227 S 175 $ (188) S (185) S (140) $ 635 S 412S 315 0.21 0.18 0.21 $ 475 $ (39) $ 514 0.34 NLB WCR WCR/S Interpret the results: 2. Calculate Operating Cash Flows. 2016 2013 Cash Flow Statement Income Statement Isales Adjustment AAR Cash Flow Account - Cash Collected 2017 Net Income $ 54 | + Depreciation S 75 - AAR s (50 - A A/P 2015 2014 487 282 $ 65 $ 50 s 200 100 $ 100 100 $ 75 $ 50 - Cash Paid to Suppliers Operating Expenses - Op Acer DIE Cash Paid for Op Exps - A Acc int Cash Paid to Creditors +A N/P $ - Accrued as - Deferred Ts -Cash Paid for Taxes + Accruals Net CFFOS (24) (13) 142 Net Profit Operating Cash Flow s 329 235 Interpret the trend, compare profits to cash flow