HW Score: 0 of 9 pts P3-17 (book/static) Interpreting liquidity and activity is the new owners of Bunga Naw Foods, Inc. wewe you to help them and current that the company has had manages a typertona ody anal Youthend w of the company's short-term activity wios. Your one and proprio industry or weder What recondition live to the mount and the funding of inventory could you make to the news? What recommendations relative to the mothering of accounts robe could you make to the new owner? t. What recommendations live in the mount and the dig of accounts payable couill you make to the new owners? What suits, ver would you hope you rector would achieve? Why it your recommendatione not be effective? What is rive to the heading of inventory could you be to the new owners of the wwerstrup CA srcent ventory rotative to the day od te due to slow salos olive to protection or possibly from trying to wory Un gros looking ventory to industry Celing verds invertory faster than the distry on were Mugle.com wentary relative to the nowy separed by the low ventory turnover and The low quick to enhough the current into tow w dotywesos, Liquidity ratio Josh Smith has compiled some of his personal financial data in order to determine his liquidity position. The data are as follows: Account Amount Cash $3.260 Marketable securities 1,060 Checking account 770 Credit card payables 1.260 Short-term notes payable 970 a. Calculate Josh's liquidity ratio b. Several of Josh's friends have told him that they have liquidity ratios of about 16. How would you analyze Josh's liquidity relative to his friends? a. Josh's liquidity ratio is (Round to two decimal places.) - X i Data Table (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Ratio Bluegrass Industry norm D Current ratio 4.5 4.0 Quick ratio 2.0 3.1 Inventory turnover 6.0 10.4 Average collection period 73 days 52 days Average payment period 31 days 40 days Print Done