Given the following comparative financial data, conduct a trend analysis focusing on current ratio, quick ratio and cash ratio.

2013 2012 2011

Assets

Current Assets

Cash 30,000 35,000 35,000

Short-Term Investments 20,000 15,000 5,000

Accounts Receivable 20,000 15,000 10,000

Inventory 50,000 45,000 50,000

Total 120,000 110,000 100,000

Non-Current Assets

Plant Assets 110,000 97,000 90,000

Accumulated Depreciation (10,000) (7,000) (6,000)

Plant Assets, net 100,000 90,000 84,000

Total Assets 220,000 200,000 184,000

Liabilities

Accounts Payable 55,400 50,000 51,000

Long-Term Debt 80,000 75,000 70,000

Stockholders Equity

Total Liabilities 135,400 125,000 121,000

Common Stock 45,000 45,000 45,000

Retained Earnings 39,600 30,000 18,000

Total Stockholders' Equity 84,600 75,000 63,000

Total Liabilities & Stockholders' Equity 220,000 200,000 184,000