$6.$ When a firm enters into a loan agreement with its bank, it is very common for the agreement to have a restriction on the minimum current ratio the firm has to maintain. So$,$ it is important that the firm be aware of the effects of its decision on the current ratio. Consider the situation of Advance Auto Parts $($AAP$)$ in $2023.$ The firm had total current assets of RM$1,807,626,000$and total current liabilities of RM$1,364,994,000.$

Required:

a$.$ What is the firm$$s current ratio?

b$.$ If the firm were to expand its investment in inventory and finance the expansion by increasing accounts payable, how much could it increase its inventory without reducing the current ratio below $1\mathrm{.}2?$

c$.$ If the company needed to raise its current ratio to $1\mathrm{.}5$ by simultaneously reducing its investment in current assets and reducing its accounts payable and short$-$term debt, how much would it have to reduce current assets to accomplish this goal?