Cartwright's Data Set used for S14-6 through S14-8:

Cartwright's, a home-improvement store chain, reported these summarized figures:

S14-6 Find the current ratio

Refer to the Cartwright's Data Set.

a. Compute Cartwright's current ratio on December 31, 2017, and 2016. Did Cartwright's current ratio improve, deteriorate, or hold steady during 2017?

S14-7 Analyze inventory and receivables (Learning Objective 4)

Use the Cartwright's Data Set to compute the following:

The rate of inventory turnover for 2017.

Days' sales in average receivables during 2017. Assume all sales are on credit.

S14-8 Compute and interpret debt ratio (Learning Objective 4)

Refer to the Cartwright's Data Set.

Compute the debt ratio on December 31, 2017.

Is Cartwright's ability to pay its liabilities strong or weak? Explain your reasoning.

(Can you please show the work)