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Liquidity management Bauman Company's total current assets, total current liabilities and inventory for each of the past 4 years Item 2016 2017 2018 2019 Total current assets 516 860 $22.160 $22.750 $26,270 Total current liabilities 8,810 12,620 12.930 17 810 Inventory 5,410 7260 7,310 7,530 a. Calculate the firm's current and quick ratios for each year. Compare the resulting time series for these measures of liquidity b. Comment on the firm's liquidity over the 2016-2019 period. c. If you were told that Bauman Company's inventory turnover for each year in the 2016-2019 period and the industry averages were Item 2016 2017 2018 2019 Bauman Company 62 67 6.9 6.3 ntory for each of the past 4 years follow these measures of liquidity bd and the industry averages were as follows, would this information support or conflict with your evaluation in part (b)? Why