Exercise 19.5 Liquidity analysis The following information has been extracted from the financial statements and the notes of Porcini Ltd. 2023 2022 Cash assets $ 33 100 $ 35 900 Marketable securities 107 000 100 300 Receivables 72 500 73 900 Inventories 182 000 166 800 Prepaid expenses 4 200 6 300 Property, plant and equipment 300 000 258 700 Current liabilities 178 200 160 500 Revenue (sales on credit) 950 600 902 900 Cost of sales 570 700 532 800 Required (a) Calculate the following for 2023 to one decimal place: i. current ratio ii. quick ratio iii. receivables turnover ratio iv. average collection period of accounts receivable V. inventory turnover ratio vi. average period for inventory turnover. (b) Analyse Porcini's liquidity.