Motivated by recent decreases in its liquidity ratios, Nightscape Components is analyzing several of its divisions for opportunities to better manage working capital. Company management is using Tableau to help visualize the current ratio and the the acid-test ratio for each of the company's 9 divisions. As part of the investigating team, you are examining this Tableau Dashboard that portrays those factors in each of the four most recent years for the Crafting Materials Division. The industry norm for the current ratio is 1.4, and the industry norm for the acid-test ratio is 0.7. Current Assets and Current Liabilities Total current assets Total current liabilities 2018 2019 2020 2020 2021 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 Total current Total current Total current Total current Total current Total current Total current Total current assets liabilities assets liabilities assets liabilities assets liabilities Liquidity Ratios Acid Test Ratio Current Ratio 2.00 Ratio 2018 2019 2020 2021 +ableau Drawing from the data available, assess the following: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 What were Crafting Materials Division's current ratios in 2018 and in 2021? 1.63 in 2018 and 1.44 in 2021 06.4 in 2018 and 7.6 in 2021 07.6 in 2021 and 6.4 in 2018 Required 1 Required 2 > #tableau + k T Drawing from the data available, assess the following: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 How would you describe the Crafting Materials Division role in the decline in Nightscape's current ratio? The division's current ratio is actually increasing and, in fact, is greater than the industry norm. The division's current ratio is contributing to the decline in the company's current ratio, although it is greater than the industry norm. The division's current ratio is decreasing slower than that of Nightscape as a whole. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 | Required 4 Required 5 The change in which component of the Crafting Materials Division's current ratio is most responsible for the change in the ratio? O Current assets are growing faster than current liabilities, but that doesn't contribute to the change in the current ratio. Current assets are growing faster than current liabilities. In fact, current liabilities are declining over the most recent three years. Current liabilities are growing faster than current assets, which has contributed to the change in the current ratio. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 How would you describe the Crafting Materials Division role in the decline in Nightscape's acid test ratio? The division's acid test ratio is actually increasing and, in fact, is greater than the industry norm. OThe division's acid test ratio is contributing to the decline in the company's current ratio although it is greater than the industry norm. The division's acid test ratio is decreasing slower than that of Nightscape as a whole. Required 3 Required 5 > Complete this question by entering your answers in the tabs below. Required 1 Required 1 Required 2 Required 2 Required 3 Required 3 Required 4 Required 4 Required 5 Required 5 What general conclusion would you draw regarding the Crafting Materials Division effect on Nightscape's liquidity? The changes in the division's current ratio and acid test ratio are creating a decline in Nightscape's overall liquidity. The combined effect of the division's current ratio and acid test ratio on the decline in the company's current ratio is cause for alarm. OThe recent decline in the division's current ratio is at least partially offset by the increase in the more stringent acid test, and both ratios remain above their industry norms. Required 4 Required 5 )