The table, shows key financial data for three firms that compete in the consumer products market: Procter & 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 performance in terms of collecting receivables? Why do you think that might be? d. Which company has the most rapid inventory turnover? Which company appears to be least efficient in terms of total asset turnover? Are your answers to those questions a little surprising? If a company is best at inventory turnover and worst at total asset turnover, what do you think that means? a. For the three companies, the current ratios are: (Round to three decimal places.) Current ratio Procter and Gamble Colgate-Palmolive Clorox Data table (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Sales Cost of goods Procter & Gamble $65,231 32,967 Colgate-Palmolive $15,195 6,072 Clorox $5,875 3,233 sold Accounts 4,729 1,411 514 receivable Inventory 4,787 1,171 501 Total 25,572 4,338 1,549 current assets Total 28,891 3,305 2,037 current liabilities Total 117,033 12,123 4,568 assets (Note: All dollar values are in thousands.)