Assets Cash Receivables (net) Inventory PP & E (net) Patents&Licenses Goodwill Total assets Liabilities & Equity New Chip Corp Balance Sheet at 12/31/22 ($ in Millions) 215 28 402 Accounts payable Short term debt Long term debt 53 19 179 Preferred stock Common Equity Total Liabilities + Equity 128 402 322222 Questions: Show ALL your work and calculations (Answers that are Multiples (x) or Percents (%) should be carried to 1 decimal place or 2 if indicated) 1. A. Did New Chip Corp make any acquisitions? B. Briefly, how do you know? 2. What is New Chip's net working capital? ($) 3. Calculate New Chip's current ratio. (x) 4. Calculate its quick ratio. (x - carry to 2 decimal places)