The following data apply to A. L. Kaiser and Company (thousands of dollars):

Cash 150

Marketable Securities90

Accounts Receivable375

Inventories385

Net Fixed Assets1000

Current Liabilities310

Sales3000

Cost of Goods Sold2500

a.Find Kaisers (1) current ratio, (2) quick ratio, (3) inventory turnover, (4) average collection period, (5) total asset turnover.

b.Briefly comment the liquidity and activity performance of the company given the following industry average: current ratio 4.2, quick ratio 2.2, inventory turnover 10.9, average collection period 36 days, and total asset turnover 1.8 (Max 30 words for each ratio).