2. Calculate the following: (10 Marks) a) A firm has $1.2 million in current assets and $1.0 million in current liabilities. If it uses $0.5 million of cash to pay off some of its accounts payable, what will happen to the current ratio? What happens to the net working capital? b) A firm uses cash on hand to pay for additional inventories. What happens to the current ratio? What happens to the quick ratio