Interpreting liquidity and activity ratios The table. E, shows key financial data for three firms that compete in the consumer products market: Procter & Gamble, Colgate-Palmolive, and Clorox. . a. Calculate each of the following ratios for all three companies: current ratio, quick ratio, inventory turnover, average collection period, total asset tumover, b. What company is in the position of having greatest liquidity? c. Would you say that the three companies exhibit similar performance or quite different performance in terms of collecting receivables? Why do you think that might be? d. Which company has the most rapid inventory turnover? Which company appears to be least efficient in terms of total asset tumover? Are your answers to those questions a little surprising? If a company is best at inventory turnover worst at total asset turnover, what do you think that means? a. For the three companies, the current ratios are: (Round to three decimal places.) Procter and Gamble Colgate-Palmolive Clorox Current ratio - X Data table Sales Cost of goods sold Receivable Inventory Total current assets Total current liabilities Total assets Procter & Gamble $65,231 32,967 4.729 4.787 25,572 28,891 117,033 Colgate-Palmolive $15,195 6.072 1,411 1,171 4,338 3,305 12,123 Clorox $5,875 3,233 514 501 1,549 2,037 4,568 (Note: All dollar values are in thousands.) Done View an example Ask my instruc (Clear all Check a