5. Selected financial data for Amberjack Corporation follows. ($ thousands) Year 2 Sales Cost of goods sold Net income Cash flow from operations Year 1 271,161 249,181 (155,034) (58,405) 457,977 341,204 (403,509) (20,437) Cash Marketable securities Accounts receivable Inventories 341,180 341,762 21,011 6,473 710,427 268,872 36,900 35,298 72,106 413,176 Total current assets Accounts payable Accrued liabilities 28,908 44,310 73,218 22,758 124,851 147,610 Total current liabilities a. Calculate the current and quick ratio at the end of each year. How has the company's short-term liquidity changed over this period? b. Assuming a 365-day year for all calculations, compute the following: i. The collection period each year based on sales. i. The inventory turnover and the payables period each year based on cost of goods sold