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The table (pictured) shows key financial data for three firms that compete in the consumer products market: Proctor & Gamble, Colgate-Palmolive, and Clorox. a. Calculate

The table (pictured) shows key financial data for three firms that compete in the consumer products market: Proctor & Gamble, Colgate-Palmolive, and Clorox.
a. Calculate EACH of the following ratios for ALL three companies: current ratio, quick ratio, inventory turnover, average collection period, total asset turnover.
b. What company is in the position of having greatest liquidity?
c. Would you say that the three companies exhibit similar performance or quite different performances in terms of collecting receivables? Why do you think that might be?
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Sales Cost of goods sold Accounts receivable Inventory Total current assets Total current liabilities Total assets Procter & Gamble $65,232 32,963 4,728 4,776 25,579 28,906 117,029 Colgate-Palmolive $15,195 6,081 1,411 1,161 4,342 3,292 12,131 Clorox $5,880 3,228 501 499 1,559 2,049 4,562 (Note: All dollar values are in thousands.) a. For the three companies, the current ratios are: (Round to three decimal places.) Procter and Gamble Colgate-Palmolive Clorox Current ratio

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