Data table Balance sheet Current assets: Cash (In millions) 2023 2022 2021 Investment in trading securities $ 80 $ 100 $ 55 130 150 125 Receivables, net of allowance for uncollectible accounts of $7, $6, and $4, respectively 290 280 230 Inventories 380 345 325 95 15 50 Prepaid expenses Total current assets $ 975 $ 890 $ 785 Total current liabilities $ 540 $ 630 $ 660 Income statement Net sales (all on account) $ 7,695 $ 5,100 $ 4,020 Print Done Requirements 1. Compute the following ratios for 2023 and 2022: a. Current ratio b. Quick (acid-test) ratio c. Days' sales outstanding 2. Which ratios improved from 2022 to 2023 and which ratios deteriorated? Are each of the trends favorable or unfavorable? 3. Recommend two ways for True Beauty Pools to improve cash flows from receivables. Print Done - Requirement 1. a. Compute the current ratios for 2023 and 2022. (Round your final answers to two decimal places, X.XXX) Current ratio 2023 2022 Requirement 1. b. Compute the quick (acid-test) ratios for 2023 and 2022. (Round your final answers to two decimal places, X.XX.) Quick (acid-test) ratio= 2023 2022 CO Requirement 1. c. Compute the days' sales outstanding for 2023 and 2022. (Round interim calculations to two decimal places, XXXX and the amounts you enter into the answer boxes (DSO) up to the next whole day) Days' sales outstanding (DSO) 2023 days 2022 days Requirement 2. Which ratios improved from 2022 to 2023 and which ratios deteriorated? is this trend favorable or unfavorable? The current ratio from 2022 to 2023 The quick ratio from 2022 to 2023. The days' sales outstanding This trend the company Requirement 3. Recommend two ways for True Beauty Pools to improve cash flows from receivables True Beauty Pools can improve cash flows from receivables by either and/or