Consider the following simplified Statement of Comprehensive Income and Statement of Financial Position from Smith Corporation's 2018 Annual Report to Shareholders. Smith Corporation Statement of Comprehensive Income ($ millions) $8,324 $4,988 $1,190 $2,146 Net sales Cost of goods sold Depreciation Earnings Before interest and taxes Interest paid Taxable income Taxes Net income $320 $1,826 $621 $1,205 Smith Corporation Statement of Financial Position 2017 & 2018 ($ millions) 2018 2017 Cash $5,415 Accounts rec. $2,460 Inventory 2,405 Total 10,280 Net fixed assets 12,300 2018 $3,341 Accounts payable $979 Notes payable 2,885 Total 7,205 Long-term debt 16,720 Common stock Retained earnings 23,925 Total liabilities and Owner's equity 2017 1,110 2,500 3,610 4,800 5,100 9,070 22,580 1,650 1,900 3,550 4,600 5,900 9,875 23,925 Total assets 22,580 g) If, in 2019, Smith Corporation implements a new inventory management system, which reduces the time goods stay in inventory, what will happen to its quick ratio? Briefly explain! (2 marks) h) If Smith Corporation takes on more debt, what will happen to its times interest earned ratio? Explain (2 marks)