The comparative financial statements of Southside Pools, Inc., for 2015, 2014, and 2013 included the following select data:

Requirements
1. Compute these ratios for 2015 and 2014:
a. Current ratio
b. Quick (acid-test) ratio
c. Days’ sales in receivables
2. Which ratios improved from 2014 to 2015 and which ratios deteriorated? Is this trend favorable or unfavorable?
3. Recommend two ways for Southside Pools, Inc., to improve cash flow fromreceivables.

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(In millions) 2015 2014 2013 Balance shect asscts: S 110 S 90 175 S 60 Investment in Trading Securities140 Rcceivables, net of allowance for doubtful accounts of $7, $6, and S4, respectively 260 325 20 Inventories Total current assc..S Total current liabilitics 950$ 870 S 770 S 645 545 S 630 Income statement Net salcs S5,960 S5,210 $4,340