4 The following items are reported on a company's balance sheet for 2020 and 2019 2020 2019 Cash $400,000 $350,000 Accounts Receivable $250,000 $225,000 Inventory $150,000 $125,000 Equipment $1,250,000 $892,500 Accounts Payable $400,000 $325,000 Notes Payable $100,000 $100,000 1 pts Using the current ratio (Current ratio Current Assets + Current Liabilities), in which year was the firm more liquid? 1. 2020 2. 2019 2019 2020