1. A company's current and quick ratios have moved as follows: Required: Comment on the validity of the following statements: a. The stronger current ratio in 2022 reflects improved profitability. b. A large obsolete inventory may be a serious problem. c. The quick ratio change reflects a desire to pay bills on time. d. The current ratio in 2022 is clearly too high. e. The company is more liquid in 2022 than in 2019