Liquidity management Bauman Company's total current assets, total current liabilities, and inventory for each of the past 4 years follow: Item Total current assets Total current liabilities Inventory 2016 $16,670 9,030 5,190 2017 $22,010 12,730 7,260 2018 $22,040 13,150 7,840 2019 $26,450 17,060 7,380 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 a. Calculate the firm's current and quick ratios for each year. Bauman Company's current ratio for year 2016 is 1 (Round to two decimal places.) Bauman Company's current ratio for year 2017 is I. (Round to two decimal places.) Bauman Company's current ratio for year 2018 is . (Round to two decimal places.) Bauman Company's current ratio for year 2019 is . (Round to two decimal places.) 13,150 17,000 Total current liabilites Inventory 9,050 5,190 7,260 7,840 7,380 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 6.2 6.7 6.9 6.3 Industry Average 10.7 11.3 10.9 11.1 Bauman Company's quick ratio for year 2016 is (Round to two decimal places.) Bauman Company's quick ratio for year 2017 is N. (Round to two decimal places.) Bauman Company's quick ratio for year 2018 is I. (Round to two decimal places.) Bauman Company's quick ratio for year 2019 is . (Round to two decimal places.) b. Comment on the firm's liquidity over the 2016-2017 period. (Select the best answer below.) b. Comment on the firm's liquidity over the 2016-2017 period. (Select the best answer below.) OA. The pattern exhibits a reasonably stable trend. OB. The pattern indicates a deteriorating liquidity position OC. The pattern indicates that Bauman Company's ability to satisfy its short-term obligations has improved over the years. OD. The pattern indicates that Bauman Company's speed to convert various accounts into sales or cash has improved ove the years. c. Based on Bauman Company's inventory turnover for each year in the 2016-2019 period and the industry averages, does this information support or conflict with your evaluation in part b.? Why? (Select all the answers that apply.)