Interpreting liquldity and activity ratios The table, , 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 foliowing ratios for all three companles: current ratio, quick ratio, inventory furnover, 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 collocting 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 turnover? Are your answers to those questions a little surprising? If a company is best at inventory turnover and worst at total assot turnover, what do you think that means? a. For the three companies, the current ratios are: (Round to three decimal places.) Data table