1. Cinto Ltd. has furnished the following information regarding its current assets and current liabilities. Current Assets Cash Trade receivables Bills Receivable Inventory Prepaid Expenses Current Liabilities Trade payables Bills Payable Outstanding Expenses 3,000 14,000 10,000 26,000 1,000 54,000 16,000 7,000 4,000 27,000 Calculate Current and Quick ratio and comment upon the liquidity of the company.