a)  Calculate current ratio, quick ratio, and debt to total assets ratio as at 30 June 2022?Show your work and keep your answer in two decimal places.

 b) Using the above information, evaluate the company's solvency. 

Presented below are the information extract from Hardwood Ltd's Balance Sheet as at 30 June 2022. Current Assets Cash Accounts Receivable Inventory Prepaid expenses Non-current Assets $180,000 125,600 Current Liabilities Account Payable Other Payables 270,400 24,800 450,600 Non-current Liabilities $180,000 238,000 500,000