You are the new marketing manager of XL Inc. The VP Marketing has just walked by and dropped off a brief accounting report on your desk:

Ratio	2009	2010	2011	Industry Average
Inventory Turnover	12	15	22	13
Average Collection Period of Accounts Receivable	20	18	14	22
Average Payment Period of Accounts Payable	30	30	42	18
Current Ratio	1.2	1	1	1.5

Task: Write a brief (100 words or one page whichever is less) report to the VP Marketing. In your report, focus on whether XL has the financial strength to support 2020 marketing objectives of increasing sales by 30%. The VP Marketing needs your analysis for his upcoming meeting with the VP Financing.