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:
Drive Theory
A psychological concept suggesting that motivation arises from biological drives that propel an organism to satisfy its needs.
Physiological Equilibrium
The state of internal, physical, and chemical balance maintained by living systems.
Drive Reduction
A motivational theory that suggests behavior is motivated by the desire to reduce internal drives caused by unmet physiological needs, aiming to return to a state of homeostasis.
Incentive
A factor, often external, that motivates or encourages individuals to act or behave in a certain way.
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