Liquidity management Bauman Company's total current assets, total current liabilities, and inventory for each of the past 4 years follow. Item 2016 2017 2018 2019 Total current assets $16,480 $22,330 $22,210 $26,270 Total current liabilities 8,670 12,650 13.430 17,650 Inventory 5,360 7,030 7,180 7.270 a. Calculate the firm's current and quick ratios for each year. Compare the resulting time series for those measures of liquidity b. Comment on the firm's liquidity over the 2016-2019 poriod. c. If you were told that Bauman Company's inventory turnover for each year in the 2016-2019 period and the industry averages were as follows, would this information SUDDortor conflict with your evaluation in narth? Why? TODO . UUU 12V Inventory 5,360 7.030 7.180 7,270 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 2016-2019 period. c. If you were told that Bauman Company's inventory turnover for each year in the 2016-2019 period and the industry averages were as follows, would this information support or conflict with your evaluation in part (b)? Why? Item 2016 2017 2018 2019 Bauman Company 6.4 6.9 7.1 6.5 Industry Average 11.4 12.0 11.6 11.8