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provide steps to understand better 1. Calculate the following ratios for 2021 and 2020 . When calculating days, round your answer to the nearest whole

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1. Calculate the following ratios for 2021 and 2020 . When calculating days, round your answer to the nearest whole number. a. Current ratio b. Quick (acid-test) ratio c. Inventory turnover and days' inventory outstanding (DIO) d. Accounts receivable turnover e. Days' sales in average receivables or days' sales outstanding (DSO) f. Accounts payable turnover and days' payable outstanding (DPO). Use cost of goods sold in the formula for accounts payable turnover. g. Cash conversion cycle (in days) (When calculating days, round your answer to the nearest whole number.) 2. Evaluate the company's liquidity and current debt-paying ability for 2021. Has it improved or deteriorated from 2020? 3. As a manager of this company, what would you try to improve next year? Total current liabilities 134,00093,000 Income statement: \begin{tabular}{llll} Net credit sales & $ & 490,000$ & 505,000 \\ Cost of goods sold & 273,000 & 285,000 \\ \hline \end{tabular}

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