Please help me with all answers I will give upvote thanku Liquidity AnalysisThe following selected information is taken from the financial statements of Arnn Company for its most recent year ofoperations:Beginning balances:InventoryAccounts receivableEnding balances:InventoryAccounts receivableCash$200,000300,000250,000400,000Compute the inventory turnover in days.days.100,000Marketable securities (short-term)Prepaid expensesAccounts payableTaxes payableWages payable90,000Short-term loans payable50,000During the year, Arnn had net sales of $2.45 million. The cost of goods sold was $1.3 million.Required:200,00050,000175,00085,000When required, round your answers to two decimal places. Assume 365 days per year.Compute the current ratio.Compute the quick or acid-test ratio.Compute the accounts receivable turnover ratio.timesCompute the accounts receivable turnover in days.days. Compute the inventory turnover ratio.times

The ratio analysis helps to analyze the financial statements of the business on the basis of the…

Liquidity Analysis The following selected information is taken from the financial statements of Arnn Company for its most recent year of operations: Beginning balances: Inventory Accounts receivable Ending balances: Inventory Accounts receivable Cash Marketable securities (short-term) Prepaid expenses Accounts payable Taxes payable Wages payable Short-term loans payable $200,000 300,000 250,000 400,000 100,000 200,000 50,000 175,000 85,000 90,000 50,000