1.Calculate the following ratios for2018?and2017.?When calculating??days, round your answer to the nearest whole number.

a.Current ratio

b.Quick?(acid-test)?ratio

c.Inventory turnover and??days' inventory outstanding?(DIO)

d.Accounts receivable turnover

e.Days' sales in average receivables or??days' sales outstanding?(DSO)

f.Accounts payable turnover and??days' payable outstanding?(DPO).?Use cost of goods sold in the formula for accounts payable turnover.

g.Cash conversion cycle?(in days)

?(When calculating??days, round your answer to the nearest whole??number.)

2.Evaluate the??company's liquidity and current??debt-paying ability for2018.?Has it improved or deteriorated from2017??

3.As a manager of this??company, what would you try to improve next??year?

2018

Balance Sheet:

Cash $65000

Short-term investments8,000

Net receivables79,000

Inventory93000

Prepaid expenses4000

Total current assets249,000

Accounts payable80,000

Total current liabilities132,000

Income statement:

Net credit sales500,000

Cost of goods sold273,000

2017

Balance Sheet:

Cash $91,000

Short-term investments220,000

Net receivables82,000

Inventory76,000

Prepaid expenses7000

Total current assets278,000

Accounts payable25,000

Total current liabilities91,000

Income statement:

Net credit sales513,000

Cost of goods sold281,000

2016

Balance Sheet:

Cash $0

Short-term investments0

Net receivables65,000

Inventory60,000

Prepaid expenses0

Total current assets0

Accounts payable60,000

Total current liabilities0

Income statement:0

Net credit sales0

Cost of goods sold0

The financial statements of Dobson News, Inc., include the following items: (Click the icon to view the financial statements.) Read the requirements. Requirement 1. Calculate the following ratios for 2018 and 2017. When calculating days, round your answer to the nearest whole number. a. Current ratio. Select the formula and then enter the amounts to calculate the current ratio. (Round the ratios to two decimal places, X.XX.) 2018 2017 = Current ratio =