Falcon Incorporated December 31, 2016 and 2017 Balance Sheet and financial data are as follows: 2016 2017 Cash $ 11,000 5,400 Accounts Receivable 54,400 88,000 Allowance for doubtful accounts (11,000) (23,400) Inventory 17,600 49,000 Prepaid Insurance 10,000 4,000 Other current assets 8,000 17,000 TOTAL CURRENT ASSETS $ 90,000 140,000 Land 90,000 80,000 Property, Plant and Equipment 140,000 154,000 Accumulated Depreciation (70,000) (74,000) TOTAL ASSETS $ 250,000 300,000 Accounts Payable 12,000 19,000 Salaries Payable 10,000 9,000 Advance from Customer 15,000 32,000 Other current liabilities 13,000 28,000 TOTAL CURRENT LIABILITIES $ 50,000 88,000 Long-term Debt 20,000 35,000 Common Stock 124,000 100,000 Retained Earnings 56,000 77,000 TOTAL LIABILITIES AND OWNERS EQUITY $ 250,000 $ 300,000 From Falcons December 31, 2016 and 2017 10-K statements we get the following information: 2016 2017 Total Sales $ 260,000 $ 399,100 Credit Sales $ 255,500 $ 328,500 Cost of Goods Sold (COGS) $ 100,000 $ 300,000 What is Falcons CURRENT RATIO for 2016 and 2017 ? What is Falcons DEBT RATIO for 2016 and 2017 ?

At the end of 2015 Falcon Reported Accounts Receivable of $42,600 and an allowance for doubtful accounts of ($9000). What is Falcons DAYS RECEIVABLE RATIO for 2016 and 2017 ?

Based on your previous answer, is Falcons customer credit quality getting better or worse ?