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The comparative financial statements of Lomax Pools, Inc., for 2023, 2022, and 2021 included the following select data: (Click the icon to view the comparative

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The comparative financial statements of Lomax Pools, Inc., for 2023, 2022, and 2021 included the following select data: (Click the icon to view the comparative financial data.) Read the reguirements. Requirement 1. a. Compute the current ratios for 2023 and 2022. (Round your final answers to two decimal places, X. XX.) 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 innproved from 2022 to 2023 and which ratios deteriorated? Are each of the trends favorable or unfavorable? 3. Recommend two ways for Lomax Pools to improve cash flows from receivables. Data table 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 Lomax Pools to improve cash flows from receivables

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