82% . 5:47 PM Sun May 19 01 Edit Today All Photos 1:07 AM TISK ana return.) Lus P3-13 Liquidity management Bauman Company's tot ties, and inventory for each of the past 4 years follow: al current assets, total current liabili Item 2012 2014 2015 2013 Total current assets S16,950 $21,900 $22,500 $27,000 Total current liabilities 9,000 12,600 12,600 17,400 Inventory 6,000 6,900 6,900 7,200 a. Calculate the firm's current and quick ratios for each year. Compare the resulting time series for these measures of liquidity b. Comment on the firm's liquidity over the 2012-2013 period. c. If you were told that Bauman Company's inventory turnover for each year in the 2012-2015 period and the industry averages were as follows, would this infor- mation support or conflict with your evaluation in part b? Why