DXL printing press issued $$400,000,10-$year, $5$ percent bonds on January $1$ of this year.Interest is payable semi$-$annually on June $30$ and December $31.$Required:Determine the issuance price of the bonds assuming a market rate of interest of $3\%$ percent.Present value factorsSingle payment, $10$ periods Single payment, $20$ periodsAnnuity, $10$ periods Annuity, $20$ periods$2\mathrm{.}5\%3\%5\%6\%0\mathrm{.}78120\mathrm{.}74410\mathrm{.}61390\mathrm{.}55840\mathrm{.}61030\mathrm{.}55370\mathrm{.}37690\mathrm{.}31188\mathrm{.}75218\mathrm{.}53027\mathrm{.}72177\mathrm{.}360115\mathrm{.}589214\mathrm{.}877512\mathrm{.}462211\mathrm{.}46991.$ The following are the data of DX$.$ Printing Press $($in million$)2019$Net sales$$458,987$$$401,839$$$389,018$$$378,928$$$352,938$Net PPE$$46,189$$$39,198$$$38,129$$$39,192$$$34,991$Cost of sales$$259,039$$$269,392$$$194,392$$$189,392$$$178,390$Accounts payable$$132,192$S$128,193$$$124,198$$$107,983$$$110,192$Part III $-$ Ratio AnalysisRequired:Compute for the fixed asset turnover ratio for four years $2020$ through $2023,$ choose two consecutive years to compare and analyze.Compute for the Accounts Payable ratio for four years $2020$ through $2023,$ choose two consecutive years to compare and analyze$\mathrm{.}2.$ DXL$.$ Printing press has the following balance sheet:Current assetsAccounts receivable$ $15,000$Marketable securities$ $5,000$Cash and cash equivalents$ $5,000$Inventory$$100,000$Prepaid expenses$ $2,200$Total current assets$$127,200$Current liabilitiesAccounts payable$ $25,000$Accrued expenses$ $10,000$Other short$-$term liabilities$$2,500$Total current liabilities$ $37,500$Required:$*$ How much is the quick asset of DXL printing press?$*$ Compute for the Quick ratio and explain?