Given the following comparative financial data, conduct a trend analysis focusing on current ratio, quick ratio and cash ratio.
2013 2012 2011
Current Assets
Cash 30,000 35,000 35,000
Short-Term Investments 20,000 15,000 5,000
Accounts Receivable 20,000 15,000 10,000
Inventory 50,000 45,000 50,000
Total 120,000 110,000 100,000
Non-Current Assets
Plant Assets 110,000 97,000 90,000
Accumulated Depreciation (10,000) (7,000) (6,000)
Plant Assets, net 100,000 90,000 84,000
Total Assets 220,000 200,000 184,000
Accounts Payable 55,400 50,000 51,000
Long-Term Debt 80,000 75,000 70,000
Total Liabilities 135,400 125,000 121,000
Common Stock 45,000 45,000 45,000
Retained Earnings 39,600 30,000 18,000
Total Stockholders' Equity 84,600 75,000 63,000
Total Liabilities & Stockholders' Equity 220,000 200,000 184,000