Exercise 4 The following information is available from the financial statements of Complete Home Furnishings. The company is a manufacturer of home furnishings, and its sales are mainly on credit. (In millions) 2016 2015 Sales $76,704 $69,656 Cost of goods sold 49,761 47,257 Beginning inventory 26,031 14,816 Ending inventory 34,162 26,031 Total current assets 87,246 76,857 Total current liabilities 33,589 33,671 Instructions Evaluate the company's liquidity position for 2016. As part of your analysis, you will have to calculate the current ratio, inventory turnover ratio, and days in inventory for the company for 2016 and 2015