The comparative financial statements of Lakeland Pools, Inc., for 2023, 2022, and 2021 included the following select data: (Click the icon to view the comparative financial data.) Read the requirements. Requirement 1. a. Compute the current ratios for 2023 and 2022. (Round your final answers to two decimal places, X.XX.) Current ratio = 2023 2022 Requirements 1. Compute the following ratios for 2023 and 2022: a. Current ratio b. Quick (acid-test) ratio c. Days' sales outstanding 2. Which ratios improved from 2022 to 2023 and which ratios deteriorated? Are each of the trends favorable or unfavorable? 3. Recommend two ways for Lakeland Pools to improve cash flows from receivables. Print Done - X Data table Balance sheet (In millions) 2023 2022 2021 Current assets: Cash $ 95 $ 75 $ 60 Investment in trading securities 140 185 130 Receivables, net of allowance for uncollectible accounts of $7, $6, and $4, respectively 250 240 260 Inventories 350 325 335 70 30 40 Prepaid expenses Total current assets $ 905 $ 855 $ 825 Total current liabilities $ 590 $ 620 $ 690 Income statement Net sales (all on account) $ 6,125 $ 5,750 $ 4,020 Print Done