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(10 points) The new owners of Bluegrass Natural Foods, Inc. have hired you to help them diagnose problems with working capital and provide a plan

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(10 points) The new owners of Bluegrass Natural Foods, Inc. have hired you to help them diagnose problems with working capital and provide a plan of action. Your initial calculations and appropriate industry averages are listed below. Bluegrass Industry Current ratio 4.5 4.0 Quick ratio 2.0 3.1 Average collection period 60.8 days 35.1 days Accounts payable days 52 days Inventory days 60.8 days 40 days 73 days A. Indicate whether these ratios are good or bad for Bluegrass. Then, analyze and provide a detailed discussion of EACH of the ratios above. (10 points)

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