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Requirements e. 1. Calculate the following ratios for 2018 and 2017. When calculating days, round your answer to the nearest whole number. a. Current ratio

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Requirements e. 1. Calculate the following ratios for 2018 and 2017. 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 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 2018. Has it improved or deteriorated from 2017? 3. As a manager of this company, what would you try to improve next year? Print Done - Data Table Balance sheet: Cash $ 77,000 $ 103,000 Short-term investments 15,000 33,000 Net receivables 81,000 84,000 45,000 Inventory 60,000 94,000 14,000 71,000 7,000 Prepaid expenses Total current assets 281,000 298,000 Accounts payable 85,000 65,000 36,000 Total current liabilities 131,000 90,000 Income statement: $ 501,000 $ 514,000 Net credit sales Cost of goods sold 271,000 281,000 Print Done

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