The comparative financial statements of True Beauty Pools, Inc., (Click the icon to view the comparative financial data.) Requirements 1. Compute these ratios for 2017 and 2016: Data Table a. Current ratio b. Quick (acid-test) ratio (In millions) C. Days' sales outstanding (Also known as DSO.) 2. Which ratios improved trom 2016 to 2017 and which ratios d 3. Recommend two ways for True Beauty Pools to improve cash 2017 2016 2015 Balance sheet Current assets: Current ratio Cash .._... Investment in trading securities Receivables, net of allowance 80 $ 90 S 50 140 185 105 Requirement 1. b. Compute the quick (acid-test) ratios for 2017 2017 2016 for doubtful accounts of S7, $6, Quick (acid-test) ratio- and S4, respectively 260 270 250 360 335 320 10 Requirement 1. c. Compute the days' sales outstanding for 2017 you enter into the answer box (DSO) up to the next whole day.) 2017 201 70 35 Days' sales outstanding (DSO) Requirement 2. Which ratios improved from 2016 to 2017 and The current ratio Requirement 3. Recommend two ways for True Beauty Pools to i True Beauty Pools can improve cash flows from receivables by days Total current liabilities S 520 S 610 S 650 Income statement | from 2016 to 2017, The quick ratio rend the company. Net sales $ 6,625 S 5,200 S 3,650 Print Done Enter your answer in each of the answer boxes