4. Instructions: Calculate the liquidity ratios for the following scenarios using the given financial data. Use the formulas provided to determine the liquidity ratios. Round your answers to two decimal places. Scenario 1: Company ABC has the following financial information for the year 2022 : - Current Assets: $500,000 - Current Liabilities: $200,000 - Inventory: $100,000 - Accounts Receivable: $150,000 - Accounts Payable: $80,000 Scenario 2: Company XYZ has the following financial information for the year 2022: - Current Assets: $800,000 - Current Liabilities: $300,000 - Inventory: $200,000 - Accounts Receivable: $250,000 - Accounts Payable: $150,000 Scenario 3: Company PQR has the following financial information for the year 2022: - Current Assets: \$1,200,000 - Current Liabilities: $400,000 - Inventory: $300,000 - Accounts Receivable: $400,000 - Accounts Payable: $200,000 1. Calculate the Current Ratio. 2. Calculate the Quick Ratio