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Problem 1 - Liquidity & Efficiency Ratio Calculations: The financial statements of ABC Company include the following items: 1. Compute the following ratios for 2022

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Problem 1 - Liquidity \& Efficiency Ratio Calculations: The financial statements of ABC Company include the following items: 1. Compute the following ratios for 2022 and 2021. Round your answers to 2 decimal places. (show your work to receive credit): a. Current ratio b. Acid-test ratio c. Inventory turnover d. Days' sales in inventory e. Accounts receivable turnover f. Days' sales uncollected 2. Evaluate the company's liquidity and efficiency for 2022. Has it's ability to cover shortterm debts improved or deteriorated in 2022? Explain

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