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Given below are three ratios calculated for Lantana, Tera, and Bake Companies for 2017 and 2016. (In millions) Current ratio Years Acid-test ratio Lantana

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Given below are three ratios calculated for Lantana, Tera, and Bake Companies for 2017 and 2016. (In millions) Current ratio Years Acid-test ratio Lantana Inventory turnover ratio December 31, 2017 6.8 times December 31, 2017 2.8 to 1 3.3 to 1 1.8 to 1 Tera December 31, 2016 2.8 to 1 2.5 to 1 3.2 to 1 December 31, 2017 1.5 to 1 December 31, 2016 1.3 to 1 Bake 5.4 times December 31, 2016 7.6 times 5.5 times 12.6 times 6.0 times 2.0 to 1 2.1 to 1 54 to 1 1.2 to 1 1- Which company has the best inventory management? Explain. (2 points) 2- Which company has the best short-term financial health? Explain. (2 points) 3- Can you determine the long-term financial health of these businesses based on the given? Why? (1 point) 4- Which of ratios given in the table measures liquidity? (1 point)

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