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Apex Corporation has current liabilities of $2 million, a current ratio of 3.0, a quick ratio of 2.0, and a cash ratio of.75. Given this

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Apex Corporation has current liabilities of $2 million, a current ratio of 3.0, a quick ratio of 2.0, and a cash ratio of.75. Given this information, answer the following about the firm's liquidity: 1) What is the value of inventory? 2) What is the value of receivables? 3) What will happen to each of the three ratios if $1 million in current liabilities is refunded with long-term debt

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