The financial statements of Evans News, Inc., include the following items: (Click the icon to view the financial statements.) Requirements Requirement 1. Compute the following ratios for 2020 and 2019. a. Current ratio. Select the formula, and then enter the amounts to calculate the current ratio. (Round the ratios to two decimal places.) b. Quick (acid-test) ratio. Select the formula, and then enter the amounts to calculate the acid-test ratio. (Abbreviations used: Avg = average, ST = short-ter \begin{tabular}{|c|c|c|c|c|c|} \hline( & + & + & ) & = & Acid-test ratio \\ \hline 2020 & + & + & ) & = & \\ \hline 2019 & + & + & ) I & = & \\ \hline \end{tabular} c. Inventory turnover and days' inventory outstanding (DIO). Begin by selecting the formula, and then enter the amounts to calculate inventory turnover. (Round the ratios to two decimal places \begin{tabular}{l|l|l} & 1 & = Inventory turnover \\ 2020 & 1 & = \\ 2019 & 1 & = \end{tabular} Now, select the formula, and then enter the amounts to calculate days' inventory outstanding (DIO). (Enter ratios to two decimal pla The financial statements of Evans News, Inc., include the following items: (Click the icon to view the financial statements.) Now, select the formula, and then enter the amounts to calculate days' payable outstanding (DPO). (Enter ratios to two decimal place \begin{tabular}{l|ll} & 1 & = \\ 2020 & 1 & Days' payable outstanding (DPO) \\ 2019 & 1 & = \end{tabular} Requirements g. Cash conversion cycle (in days). (Abbreviations used: Avg = average and ST = short-term.) 1. Compute the following ratios for 2020 and 2019 : a. Current ratio b. Quick (acid-test) ratio c. Inventory turnover and days' inventory outstanding (DIO) d. Accounts receivable turnover e. 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 computing days, round your answer to the nearest whole number.) 2. Evaluate the company's liquidity and current debt-paying ability for 2020 . Has it improved or deteriorated from 2019? 3. As a manager of this company, what would you try to improve next year