Horatios Inn Select Financial Ratios \begin{tabular}{|l|r|r|r|} \hline & 20X1 & 20X2 & \multicolumn{1}{|c|}{203} \\ \hline Current ratio & 1.1 & 1.15 & 1.2 \\ \hline Accounts receivable turnov & 13 & 12 & 11 \\ \hline Inventory turnover & 24 & 23 & 22 \\ \hline Asset turnover & 1.3 & 1.4 & 1.5 \\ \hline Debt-equity ratio & 1.5 & 1.4 & 1.3 \\ \hline Times interest earned & 3.8 & 3.9 & 4 \\ \hline \end{tabular} Revenue for the three years were $2 million, $2.2 million, and $2.3 million, respectively. Required: 1. Assume total assets did not change during 203. Determine the total debt at the end of 203. Enter your answer in this area, show your work. 2. If cost of sales were 24 percent of total sales, what was the average inventory for 203 ? Enter your answer in this area, show your work. 3. Comment on the changing liquidity of Horatios Inn over the three-year period. Enter your answer in this area, DO HIDT BESTATE THE NUUUEDES ABDYE