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Beacon Company's total current assets, total current liabilities, and inventory for each of the past 4 years follow: Item 2016 (RM) 2017 (RM) 2018 (RM)

Beacon Company's total current assets, total current liabilities, and inventory for each of the past 4 years follow:

Item 2016 (RM) 2017 (RM) 2018 (RM) 2019 (RM)

Total current assets 16,950 21,900 22,500 27,000

Total current liabilities 9,000 12,600 12,600 27,400

Inventory 6,000 6,900 6,900 7,200

i. Calculate the firm's current and quick ratios for each year. Compare the resulting times series of these measures of liquidity. (12 marks)

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