5) Consider the following financial statement information for the ABC Corporation: Account 2018 2019 Cash $7,516 $10,697 Inventory 26,547 36,986 Accounts Receivable 10,808 13.110 Accounts Payable 12.416 13,555 Notes Payable 1,000 1,200 Net Revenue $133,844 $151,611 Net Income $16,195 $16,177 Cost of Goods Sold $85,733 $100,063 Depreciation Expense $6,424 $6,520 a) Calculate the cash conversion efficiency for 2018 and 2019. b) Calculate the net liquid balance for 2018 and 2019. c) Based on each of these measures, is the company more or less liquid in 2019 that it was in 2018? Explain. d) Determine the cash conversion period and the operating cycle for both years. e) Do the cash conversion cycle and operating cycle values suggest that there is a problem management needs to address? If so, explain what it is and what you can to do about it.