The comparative financial statements of True Beauty Pools, Inc., for 2020, 2019, and 2018 included the following select data: E (Click the icon to view the comparative financial data) Read the requirements Requirement 1. a. Compute the current ratios for 2020 and 2019. (Round your final answers to two decimal places, XXX.) 2020 2019 Current ratio = (In millions) 2020 2019 2018 Balance sheet Current assets Cash $ 45 95 $ 75$ 150 150 135 Investment in trading securities Receivables, net of allowance for uncollectible accounts of $7, $6, and $4, respectively Inventories 290 250 230 Sand 380 325 310 50 20 40 760 Prepaid expenses Total current assets Total current liabilities Income statement Net sales (all on account) $ 965 $ 820 $ 580 $ 625 $ $ 690 $ 7,560 $ 5,520 $ 4,020 1. Compute the following ratios for 2020 and 2019 a. Current ratio b. Quick (acid-test) ratio c. Days' sales outstanding 2. Which ratios improved from 2019 to 2020 and which ratios deteriorated? Are each of the trends favorable or unfavorable? 3. Recommend two ways for True Beauty Pools to improve cash flows from receivables