Corsig Corporation had the following comparative current assets and current liabilities: 
During 2017, net credit sales and cost of goods sold were $570,000 and $350,000, respectively. Net cash provided by operating activities for 2017 was $140,000.
Instructions
Compute the following liquidity measures for 2017:
1. Current ratio
2. Accounts receivable turnover
3. Inventory turnover
Definitions:
High-Tech Industry
A sector characterized by companies involved in developing and manufacturing technology products or providing technology related services.
Upward Mobility
The ability or opportunity for individuals or groups to improve their social status, often through education, income increase, or gaining of prestige.
Gini Index
A statistical measure of income inequality within a population, ranging from 0 to 1, where 0 represents perfect equality and 1 represents maximum inequality.
Income Inequality
The unequal distribution of income within a population, leading to gaps between the wealthiest and poorest individuals.
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