$6\mathrm{.}0(2022)6\mathrm{.}1(2021)$ Inventory Turnover

$60\mathrm{.}8(2022),59\mathrm{.}8(2021)$ Day's Sale in Inventory

$\mathrm{.}918(2022),992(2021)$ Current Ratio

$76\mathrm{.}4(2022),762(2021)$ Debt to Assets Ratio

$23\mathrm{.}6(2022),28\mathrm{.}3(2021)$ Gross Margin

$2\mathrm{.}5(2022)6\mathrm{.}6(2021)$ Profit Margin

$5\mathrm{.}2(2022),13\mathrm{.}2(2021)$ Return on Assets

$2\mathrm{.}8(2022),13\mathrm{.}2(2021)$ Percent Change in Sales

$25\mathrm{.}3(2022),25\mathrm{.}8(2021)$ Inventory as a Percent of Total Assets

$-60\mathrm{.}0(2022),59\mathrm{.}1(2021)$ Percent change in Net

Income

Consider Target's financial liquidity situation and select the statement that most closely applies to the change in its position from $2021$ to $2022.$

Please select one option

$1)$

The current ratio is less than the prior year. The liquidity situation at Target has deteriorated slightly.

$2)$

Target's profit margin improved, and its current ratio is higher than the prior year. The liquidity situation at Target is similar to the prior year.

$3)$

Target's current ratio is below $2$ as of $1/28/23.$ Therefore, Target is in serious danger of not being able to pay its current liabilities or continue in business.

$4)$

Target has more current assets this year compared to the prior year. Therefore, its liquidity situation has improved.