Procter & Gamble Colgate-Palmolive Clorox Sales $ 85,000 $25,500 $ 18,800 Cost of goods sold 43,980 10,070 6,230 Accounts receivable 8,830 2,810 1,960 Inventory 11,580 5,150 2,100 Total current assets 37,700 12,720 5,540 Total current liabilities 29,900 6,580 3,960 Total assets 118,000 23,200 12,560 All dollar values are in thousands 1. Calculate each of the following ratios for all three companies: (1) current ratio (2) quick ratio (3) inviory turnover (4) total asset turnover (5) accounts receivable turnover (6) average age of inventory (7) average collection period 2. Which company is in the position of having greatest liquidity? 3. 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? 4. Would you say that the three companies exhibit similar performance or quite different performance in terms of collecting accounts receivables? Why