Is this accurate ? YearCurrentAssetsCurrent LiabilitiesInventoryAccounts ReceiableCurrent RationQuick Ratio Year 1 $100,000.00 $50,000.00 $20,000.00 $15,000.00 $15,000.00 $2.00 $2.00 Year 2 $120,000.00 $60,000.00 $25,000.00 $18,000.00 $18,000.00 $2.00 $1.58 Yeah 3 $130,000.00 $70,000.00 $30,000.00 $20,000.00 $20,000.00 $1.86 $1.43 Comments: a) Strong liquidity. b)Liquidity is slightly reduced. c) Further liquidity reduction. PS# 2 Analysis of Financial Statements

AFM: Chapter 2 # 5 & 11

FM: Chapter 3 # 6, 10, 13 (same in 14^th edition, slightly different numbers)