in less profitable companies?(Focus of isk dn LG3 P3-13 Liquidity management Bauman Company's total current assets, total current liabili ties, and inventory for each of the past 4 years follow 2012 20132014 2015 Item Total current assets S16,950 $21,900 $22,500 $27,000 Total current liabilities 9,000 12,600 12,600 17,400 Inventory 6,000 6,900 6,900 7,200 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 2012-2013 period. c. If you were told that Bauman Company's inventory turnover for each year in the 2012-2015 period and the industry averages were as follows, would this infor- mation support or conflict with your evaluation in part b? Why? Inventory turnover 2012 2013 2014 201s Bauman Company Industry average 6.3 6.8 7.0 6.4 10.6 11.2 10.8 11.0