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4. Leeds Shipping is a family owned business. Based on their financial statements below: a. Calculate the business' Acid Test Ratios from 2019 to 2022

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4. Leeds Shipping is a family owned business. Based on their financial statements below: a. Calculate the business' Acid Test Ratios from 2019 to 2022 (round your answer to 2 decimal places). Give a commentary on the firm's liquidity for the period. b. Calculate the Creditor's (Payable) Day Ratios (round your answer to a whole day) and make appropriate commentary on Leeds Shipping's efficiency. c. Explain why Leeds Shipping would want to investigate its liquidity with the Acid Test Ratio (after it has already done ascertained it liquidity with the Current Ratio) [This question addresses criteria 1.6 and 1.7]

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