1. To assess P&Gs liquidity position:a. Compute and compare current ratio and quick ratio for 2010 and 2011.b. Compute the rate of change in net accounts receivable to the rate of change in sales.c. Compute and compare the rate of change in total inventories to the rate of change in cost of goods sold.d. Comment on P&Gs liquidity position in 2011.2. With regard to liabilities:a. What are the largest components of accrued liabilities at June 30 2011?b. What is the average interest rate paid on short term debt for 2011?c. What is the amount of long-term debt maturing in 2014?d. Compute debt ratio for 2010 and 2011. Comment.e. Computing the ratio debt to tangible net worth is not meaningful for the years presented. Explain and comment.3. With regard to business segments:a. Compute return on operating assets for the firm as a whole and for each operating segment for 2010 and 2011. [Note: use operating earnings before income taxes]. Present your results in a table.