Balance Sheet of Gerup Garments Inc. as of December 31, 2015 12/31/2014 12/31/2015 Assets Current Assets Cash in bank Accounts receivable 57,000 75,00082,000 66.00075000 $65000 6,000 204,000230,000 25,200$18,000 8,000 Total Current Assets Fixed Assets Total Fixed Assets (net of S 25,20018,000 depreciation) TOTAL Assets Current Liabilities Accounts payable Total Current Liablilities 229,200 248,000 89,000 90,000 89,000 | $ 90,000 Long-term Debt Bank loans payable 62,000 50,000 Total Long-term Total Liabilities 151,000 I 140,000 Owners' Equity Total Liabilities&Equilty 229,200 248,000 Calculate the following ratios for Gerup Garments Inc. Write 100 words describing the 78,200108.000 company's liquidity condition: e current ratio . quick ratio accounts receivable turnover . days sales outstanding inventory turnover average days to sell inventory . Balance Sheet of Gerup Garments Inc. as of December 31, 2015 12/31/2014 12/31/2015 Assets Current Assets Cash in bank Accounts receivable 57,000 75,00082,000 66.00075000 $65000 6,000 204,000230,000 25,200$18,000 8,000 Total Current Assets Fixed Assets Total Fixed Assets (net of S 25,20018,000 depreciation) TOTAL Assets Current Liabilities Accounts payable Total Current Liablilities 229,200 248,000 89,000 90,000 89,000 | $ 90,000 Long-term Debt Bank loans payable 62,000 50,000 Total Long-term Total Liabilities 151,000 I 140,000 Owners' Equity Total Liabilities&Equilty 229,200 248,000 Calculate the following ratios for Gerup Garments Inc. Write 100 words describing the 78,200108.000 company's liquidity condition: e current ratio . quick ratio accounts receivable turnover . days sales outstanding inventory turnover average days to sell inventory