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The comparative financial statements of Perfection Pools, Inc., for 2023, 2022, and 2021 included the following select data: (In millions) 2023 2022 2021 Balance sheet

The comparative financial statements of Perfection Pools, Inc., for 2023, 2022, and 2021 included the following select data:

(In millions)

2023

2022

2021

Balance sheet

Current assets:

Cash

$90

$65

$45

Investment in trading securities

145

170

115

Receivables, net of allowance for uncollectible accounts of $7, $6, and $4, respectively

280

250

230

Inventories

340

360

305

Prepaid expenses

95

15

50

Total current assets

$950

$860

$745

Total current liabilities

$560

$600

$650

Income statement

Net sales (all on account)

$7,420

$5,040

$4,745

image text in transcribed
The comparative financial Matements of Perfection Pools, Inc., for 2023 2022 and 2021 included the foowing select data Click the icon to view the comparative financial data) Read the Requirement 1... Comple the current colou tot 2023 and 2022. (tound your final rewers to two decimal places XXX) 2023 2022 Current Requirement 1.5. Compute the quick to ratios for 2023 and 2002. (Hound your first answers to two decimal places, XXX) 2023 2022 Quick list Requirement 1.c. Compute the day was outstanding for 2023 and 2022. (Round interim takoutons to we decom places. XX XX and the mounts you enter noenswer to the next whole day 2023 2022 Day was outstanding (050) days days Requirement 2. Which obos proved from 2022 10 2023 and which ratos deterred to this trend table or unavaatlar The current ratio trom 2022 2023. The quick to from 2022 to 2023. The day sales outstanding the company Requirements. Recommend two ways for Perfection Pools to improve cash flows from receive Perfection Pools can prove cash flows from receives by the andir This end

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