MUST ANSWER ALL QUESTIONS 1. The following items are reported on a company's financial statements for 2021 and 2022

MUST ANSWER ALL QUESTIONS 1 The following items are reported on a company's financial statements for 2021 and 2022 (S In nnousands) Cash Shortqerm Investments Receivables (net) Inventory Accounts payable Sales Cost of goods sold Determine the following measures for 20x2: a Current ratio b Quick ratio s s s S s s s 2021 580 200 320 280 700 3,480 2,240 S s s s S S s 2022 600 200 400 320 800 3,600 2,400 SHOW CALCULA TIONS OF YOUR ANSWERf c. Accounts recervable turnover d. Inventory turnover