1. Use ratios to analyze a company's liquidity and solvency. 31 Required: 32 Compute the following liquidity ratios for 2016 . Round to the 33 required number of decimal places USING THE EXCEL. 34 ROUND FUNCTION (fx). \begin{tabular}{|l|l} \hline 35 & Current ratio (rounded to one decimal place) \\ 36 & Receivables turnover (rounded to two decimal places) \\ \hline 37 & Days to collect (rounded to the nearest whole day) \\ \hline 38 & Inventory turnover (rounded to two decimal places) \\ 39 & Days' sales in inventory (rounded to the nearest day) \\ 40 & \\ 41 & Compute the following Solvency Ratios for 2016. Again, USE \end{tabular} 42 THE EXCEL ROUND FUNCTION ( fx ). 434445Debttoassets(roundedtotwodecimalplaces)Timesinteresteamed(roundedtoonedecimalplace) \begin{tabular}{|l|l|} \hline 4.5 & to 1 \\ \hline & times \\ \hline days \\ \hline & times \\ \hline days \\ \hline \end{tabular} 45 46 Compute the following Profitability Ratios for 2016. Again, USE 47 THE EXCEL ROUND FUNCTION (fx). 48 Profit margin ratio (rounded to one decimal place) 49 Gross margin ratio (rounded to one decimal place) \begin{tabular}{|l|} \hline to 1 \\ \hline times \end{tabular} 50 51 52 53