The financial statements of Big City News, Inc., include the following items: Click the icon to view the financial statements.) Read the requirements. Requirement 1. Calculate the following ratios for 2018 and 2017. When calculating days, round your answer to the nearest whole number. a. Current ratio. Select the formula and then enter the amounts to calculate the current ratio. (Round the ratios to two decimal places, X.XX.) HI Current ratio 2018 2017 2018 2017 2016 Balance sheet: Cash $ ... 65,000 $ 91,000 Short-term investments 13,000 24,000 .. Net receivables 79,000 82,000 ... - 70,000 60,000 Inventory 93,000 4,000 78,000 3,000 Prepaid expenses Total current assets 254,000 278,000 55,000 40,000 45,000 Accounts payable Total current liabilities - - 137,000 90,000 Income statement: Net credit sales $ 492,000 $ 514,000 287,000 Cost of goods sold 273,000 i Requirements - C. e. 1. Calculate the following ratios for 2018 and 2017. When calculating days, round your answer to the nearest whole number. a. Current ratio b. Quick (acid-test) ratio ventory turnover and days' inventory outstanding (DIO) d. Accounts receivable turnover Days' sales in average receivables or days' sales outstanding (DSO) f. Accounts payable turnover and days' payable outstanding (DPO). Use cost of goods sold in the formula for accounts payable turnover. g. Cash conversion cycle (in days) (When calculating days, round your answer to the nearest whole number.) Evaluate the company's liquidity and current debt-paying ability for 2018. Has it improved or deteriorated from 2017? 3. As a manager of this company, what would you try to improve next year