Liquidity managementBauman Company's total current assets, total current liabilities, and inventory for each of the past 4 years follow:

Item	2012	2013	2014	2015
Total current assets	$16 comma 93016,930	$21 comma 63021,630	$22 comma 92022,920	$26 comma 27026,270
Total current liabilities	9 comma 4109,410	12 comma 84012,840	12 comma 82012,820	17 comma 14017,140
Inventory	5 comma 9405,940	7 comma 2707,270	7 comma 5207,520	7 comma 1107,110

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 2012-2015 period.

c. If you were told that Bauman Company's inventory turnover for each year in the 2012-2015 period and the industry averages were as follows, would this information support or conflict with your evaluation in part

(b).?

Why?

Item	2012	2013	2014	2015
Bauman Company	6.26.2	6.76.7	6.96.9	6.36.3
Industry Average	11.411.4	12.012.0	11.611.6	11.811.8

Bauman Company's current ratio for year 2012 is _____________. Round to two decimal places.)