Procter & Gamble Colgate-Palmolive Clorox Sales $ 65,231 $15,195 $ 5,875 Cost of goods sold 32,967 6,072 3,233 Accounts receivable 4,729 1,411 514 Inventory 4,787 1,171 501 Total current assets 25,572 4,338 1,549 Total current liabilities 28,891 3,305 2,037 Total assets 117,033 12,123 4,568 All dollar values are in thousands 1. Calculate each of the following ratios for all three companies: (1) current ratio (2) quick ratio (3) inventory turnover (4) average collection period (5) total asset turnover 2. Which company is in the position of having greatest liquidity? 3. Would you say that the three companies exhibit similar performance or quite different performance in terms of collecting accounts receivables? Why? 4. Which company has the most rapid inventory turnover? Which company appears to be least efficient in terms of total asset turnover? If a company is best at inventory turnover and worst at total asset turnover, what do you think that means