3. The comparative financial statements of True Beauty Pools, Inc., for 2013, 2012, and 2011 included the following select data: Balance sheet Current assets Cash Short-term investments Receivables, net of allowance for doubtful accounts of $7, 56, (in million) 2013 2012 2011 $ NO 135 $ 60 155 $40 110 and $4, respectively 270 260 230 Inventories. 365 330 300 Prepaid expenses. 70 15 55 Total current assets. $920 $820 $735 Total current liabilities. $590 $630 $690 Income statement Net sales $5,850 55,110 $4,210 Compute these ratios for 2013 and 2012: a. Current ratio b. Quick (acid-test) ratio c. Days' sales in receivables d. Which ratios improved from 2012 to 2013 and which ratios deteriorated? Is this trend favorable or unfavorable