Liquidity managementBauman 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	$17,280	$22,110	$22,250	$26,120
Total current liabilities	8,530	12,170	12,670	17,190
Inventory	5,620	6,680	7,450	7,680

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	6.3	6.8	7.0	6.4
Industry Average	11.5	12.1	11.7	11.9

a. Calculate the firm's current and quick ratios for each year.