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	$16,860	$21,910	$22,320	$26,780
Total current liabilities	9,060	12,180	12,840	17,850
Inventory	5,120	7,040	7,760	8,040

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	11.9	12.5	12.1	12.3

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