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The financial statements of Adventure News, Inc., include the following items: Requirement 1. Compute the following ratios for 2014 and 2013. Current ratio. Select the formula and then enter the amounts to calculate the current ratio. (Round the ratios to two decimal places.) Compute the following ratios for 2014 and 2013. Current ratio Quick (acid test) ratio Inventory turnover and day's inventory outstanding (DIO) Accounts receivable turnover Day's sales in average receivable or days' sales outstanding (DSO) Accounts payable turnover and days' payable outstanding (DPO). Use cost of goods and in the formula for accounts payable turnover Cash conversion cycle (in days) (When computing days, round your answer to the nearest state number.) Evaluate the company's liquidity and current debt paying for 2014. Has it improved or from 2013? As a manage of this company, what would you try to improve next year?

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