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Sales COGS Dep EBIT Interest Taxable income Taxes NI 2007 Income Statement 155,000.00 104,000.00 11,800.00 39,200.00 6,800.00 32,400.00 8,600.00 23,800.00 Cash A/R Inventory Total CA Net Fixed Asst Total Asset 2006 33,000.00 25,200.00 40,570.00 98,770.00 213,000.00 311,770.00 Waxham Feed Balance Sheet 2007 20,000.00 A/P 19,300.00 LTD 55,760.00 Common Stock 95,060.00 RE 270,800.00 365,860.00 Tot Lia. & OE 2006 20,500.00 65,500.00 75,000.00 150,770.00 2007 26,800.00 73,000.00 100,000.00 166,060.00 311,770.00 365,860.00 If the industry quick ratio and cash ratio for 2007 are 1.3 and 0.85, respectively. What does your ratio analysis indicate? The firm has an unusually low level of inventory relative to its industry The firm has an unusually high level of inventory relative to its industry The firm has an unusually low level of cash relative to its industry. The firm has an unusually high level of receivables relative to its industry The firm has an unusually low level of receivables relative to its industry