3. The Castillo Products Company was started in 2017.The company manufactures components for personal decision assistant (PDA) products and for other hand-held electronic products.A difficult operating year 2018 was followed by a profitable 2019.

However, the founders (Cindy and Rob Castillo) are still concerned about the venture's liquidity position and the amount of cash being used to operate the firm. Following income statements and balance sheets for the Castillo Products Company for 2018 and 2019 provided below response to the following questions.

1. Use year-end data to calculate the current ratio, the quick ratio, and the net working capital (NWC) to total assets ratio for 2018 and 2019 for the Castillo Company.What changes occurred?
2. Use Castillo's complete income statement data and the changes in balance sheet items between 2018 and 2019 to determine the firm's cash build and cash burn for 2019.Did Castillo have a net cash build or net cash burn for 2019?
3. Convert the annual cash built and cash burned amounts calculated in Part B to monthly cash built and cash burned rates. Also indicate the amount of the net monthly cash built or cash burned rate.