The comparative financial statements of Perfection 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 Requirement 1. b. Compute the quick (acid-test) ratios for 2023 and 2022. (Round your final answers to two decimal places, X.XX.) 2023 Quick (acid-test) ratio = 2022 Requirement 1. c. Compute the days' sales outstanding for 2023 and 2022. (Round interim calculations to two decimal places, XX.XX and the amounts you enter into the answer boxes (DSO) up to the next whole day.) Days' sales outstanding (DSO) = 2023 2022 days days Requirement 2. Which ratios improved from 2022 to 2023 and which ratios deteriorated? Is this trend favorable or unfavorable? The current ratio from 2022 to 2023. The quick ratio from 2022 to 2023. The days' sales outstanding This trend The comparative financial statements of Perfection Pools, Inc., for 2023, 2022, and 2021 included the following select data: (Click the icon to view the comparative financial data.) Read the requirements. 2023 2022 Quick (acid-test) ratio = Requirement 1. c. Compute the days' sales outstanding for 2023 and 2022. (Round interim calculations to two decimal places, XX.XX and the amounts you enter into the answer boxes (DSO) up to the next whole day.) 2023 2022 Days' sales outstanding (DSO) = days days Requirement 2. Which ratios improved from 2022 to 2023 and which ratios deteriorated? Is this trend favorable or unfavorable? from 2022 to 2023. The days' sales outstanding The current ratio from 2022 to 2023. The quick ratio the company. Requirement 3. Recommend two ways for Perfection Pools to improve cash flows from receivables. Perfection Pools can improve cash flows from receivables by either and/or This trend 2023 2022 Quick (acid-test) ratio = Requirement 1. c. Compute the days' sales outstanding for 2023 and 2022. (Round interim calculations to two de answer boxes (DSO) up to the next whole day.) 2023 2022 Days' sales outstanding (DSO) = days days Requirement 2. Which ratios improved from 2022 to 2023 and which ratios deteriorated? Is this trend favorable o The current ratio from 2022 to 2023. The quick ratio from 2022 to 2023. The days' s the company. two ways for Perfection Pools to improve cash flows from receivables. cash flows from receivables by either does not impact is favorable for is unfavorable for 2023 2022 Quick (acid-test) ratio = Requirement 1. c. Compute the days' sales outstanding for 2023 and 2022. (Round interim calculations to two decimal places, XX.XX and the amounts you enter int answer boxes (DSO) up to the next whole day.) 2023 2022 Days' sales outstanding (DSO) = days days Requirement 2. Which ratios improved from 2022 to 2023 and which ratios deteriorated? Is this trend favorable or unfavorable? The current ratio from 2022 to 2023. The quick ratio from 2022 to 2023. The days' sales outstanding This trend Requirement 3. F or Perfection Pools to improve cash flows from receivables. deteriorated Perfection Pools ( from receivables by either improved and/or the icon to view the comparative financial data.) Read the requirements. 2023 2022 Quick (acid-test) ratio = Requirement 1. c. Compute the days' sales outstanding for 2023 and 2022. (Round interim calculations to two decimal places, XX.XX and the amounts you enter into the answer boxes (DSO) up to the next whole day.) Days' sales outstanding (DSO) = 2023 2022 days days Requirement 2. Which ratios improved from 2022 to 2023 and which ratios deteriorated? Is this trend favorable or unfavorable? The current ratio from 2022 to 2023. The days' sales outstanding This trend from 2022 to 2023. The quick ratio the company. Requirement 3. Recommend two ways for Perfection Pools to impr Perfection Pools can improve cash flows from receivables by either eivables. deteriorated improved and/or Read the 2023 2022 Quick (acid-test) ratio = Requirement 1. c. Compute the days' sales outstanding for 2023 and 2022. (Round interim calculations to two decimal places, XX.XX and the amounts you enter into the answer boxes (DSO) up to the next whole day.) 2023 2022 The current ratio Days' sales outstanding (DSO) = Requirement 2. Which ratios improved from 2022 to 2023 and whic from 2022 to 2023. The quick ratio days d converting some accounts receivables to long-term note receivable This trend discontinuing the use of credit cards the company. offering discounts for early payments Requirement 3. Recommend two ways for Perfection Pools to impro Perfection Pools can improve cash flows from receivables by either Vand/or 2023 2022 Quick (acid-test) ratio = Requirement 1. c. Compute the days' sales outstanding for 2023 and 2022. (Round interim calculations to two decimal places, XX.XX and answer boxes (DSO) up to the next whole day.) Davalaala - 2023 2022 ys days decreasing penalties for late payment. emphasizing credit cards for sales. providing better customer support. to 2023 and which ratios deteriorated? Is this trend favorable or unfavorable? The quick ratio from 2022 to 2023. The days' sales outstanding ion Pools to improve cash flows from receivables. ivables by either ar Balance sheet 2023 (In millions) 2022 2021 Current assets: to two decimal Cash $ EA 70 $ 95 $ 60 Investment in trading securities 155 160 135 Receivables, net of allowance for uncollectible accounts of $7, $6, and $4, answers to two respectively 280 250 220 Inventories 375 330 300 80 15 65 Prepaid expenses alculations to tw Total current assets $ 960 $ 850 $ 780 Total current liabilities $ SA 570 $ 630 $ 640 Income statement Net sales (all on account) $ 7,685 $ 5,405 $ 4,380 his trend favorab 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 Perfection Pools to improve cash flows from receivables. Print Done - s, X mal p cima