3. The comparative financial statements of True Beauty Pools, Inc., for 2013, 2012, and 2011 included the following select data: (In millions) 2013 2012 2011 Balance sheet Cash.... Current assets $ 80 $ 60 $ 40 Short-term investments. 135 155 110 Receivables, net of allowance for doubtful accounts of $7, $6, and $4, respectively 270 260 230 Inventories. 365 330 300 Prepaid expenses. 70 15 55 Total current assets. Total current liabilities. Income statement Net sales............ $920 $820 $735 $ 590 $ 630 $ 690 $5,850 $5,110 $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? (Show your solution step by step) (10 Points)