2021 2020 2019 Accounts receivable (gross) $850,000 $750,000 $650,000 Inventory 1.020.000 980,000 840,000 Total current assets 2.100.000 2,000,000 1,700,000 Total current liabilities 1,000,000 1.100.000 1,250,000 Credit sales 6,420,000 6.240,000 5,430,000 Cost of goods sold 4,540,000 4,550,000 3.950.000 (b) Based on (1) current ratio, (2) receivables turnover ratio, and (3) inventory turnover ratio, what conclusion(s) can be drawn about the company's liquidity? 2021 2020 Current ratio 21:1 1.8 1 Receivables turnover 8.0 times 8.9 times Inventory turnover 4.5 times 5.0 times