Liberty Corporation reported the following figures: Account Cash and cash equivalents Receivables Inventory Prepaid expenses Total current assets Other assets 2016 $ 2450 2015 $ 2094 1813 1611 1 324 1 060 1 709 2 120 $ 7296 $ 6885 18 500 15 737 Total assets $25 796 $22 622 Total current liabilities $ 7 230 $ 8467 Non-current liabilities 4 798 3 792 Share capital 6 568 4 363 Retained earnings 7 200 6 000 Total liabilities and equity $25 796 $22 622 2006 Sales Cost of sales Selling and general expenses Interest expense Income tax expense Profit $20 941 7 055 7 065 210 2 563 $ 4048 1 1 Horizontal analysis of Liberty's balance sheet for 2016 would report: a Cash as 9.50% of total assets b 17% increase in Cash C current ratio of 1.01 d inventory turnover of 6 times