6,050 Application Problem 12-11 al, b, c, d,, 11 (Part Level Sun) (Liquidity and profitability analysis) Cathy's Cuisine Ltd. is a small restaurant and catering business started three years ago by Cathy Crosby till the company operations come fear in 2019, the company added the cute Services as a way to expand sales without having to a space for seats. As the catering ade of the buses grew 2020, the company purchased sed vehicle for deliveres. Alles in the neare che debit, or credit card, but for Catering jobs, stomers are ved ter the went. Most of the company whers offer terms of 30 days Selected financial donation for Cathy Canned, 2020 2010 Assets Cash $9,200 $3,310 Accounts receivable 14,660 10,220 Inventory 9,960 Land 15,150 tilding and equipment 30.460 23,770 Total 579,430 558,500 Liabilities and equity Accounts payable $9,170 58,670 Short-term te payable 1,620 Mortgage payable current 2.730 2,720 Morton 24.450 27.200 Share Capital 12.000 13,000 wedeng 29.40 579,430 558.500 Other information 519.050 152.190 Corcode will LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your in (51) Calculate the company's current ratio and quick ratio for both years. (Round answers to 2 decimal places, e.g. 1.84.) 2019 2020 Current ratio times times Quick ratio times times LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your inst