The financial statements of Carver News, Inc., include the following items: (Click the icon to view the financial statements.) 2018 2017 2016 Balance sheet: Cash 53,000 $ 89,000 Short-term investments 9,000 25,000 Net receivables 77,000 80,000 20,000 67,000 Inventory 95,000 11,000 77,000 11,000 Prepaid expenses Total current assets 245,000 282,000 Accounts payable 50,000 45,000 55,000 Total current liabilities 129,000 91,000 Income statement: Net credit sales 494,000 $ 511,000 Cost of goods sold 270,000 287,000 a. e. 1. Calculate the following ratios for 2018 and 2017. When calculating days, round your answer to the nearest whole number. Current ratio b. Quick (acid-test) ratio c. Inventory 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.) 2. 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