Penumbra, Inc. has applied for an expansion loan from its bank. The loan officer has asked for the following historical data: 2016 2017 2018 2019 Inventory turnover 10 9 8.5 6 Profit margin 11.5% 12.1% 12.3% 12.6% Current ratio 1.1 1.2 1.0 1.1 Quick ratio 0.8 0.7 0.7 0.5 Total liabilities-to-equity 0.5 0.75 1.2 1.1 What tentative conclusions might a competent loan officer come to after reviewing the data? Select one: a. The profit margins are increasing but the steep decline in the quick ratio compared to the consistency of the current ratio is concerning. This may indicate inflated inventory values. b. The profit margin and total liabilities-to-equity ratios are improving. Solvency, in particular, improved substantially in 2018. C. Although the quick ratio is decreasing, that may simply be the result of decreasing inventory levels as seen by decreasing inventory turnover ratios. d. It appears that Penumbra might have acquired a significant amount of debt in 2018. e. A and B f. A and D g. B and C