Calculating Liquidity Ratios The balance sheets for Red Oak Inc. and Birch Co. reflect the following: Red Oak Birch Current assets Cash $ 9,500 $ 19,000 Short-term investments 5,700 0 Accounts receivable 48,500 34,200 Inventory 32,300 9,500 Other 9,500 11,400 Noncurrent assets 541,500 602,300 Total assets $647,000 $676,400 Current liabilities $ 57,000 $ 57,000 Long-term liabilities 58,000 437,000 Stockholders' equity 532,000 182,400 Total liabilities and stockholders' equity $647,000 $676,400 Calculate the following ratios and comment on the results. Note: Round amounts to two decimal places. For example, enter 3.16 for 3.1556. Ratio Red Oak Birch a. Current ratio b. Quick ratio Compared to Birch Company, Red Oak has a: - Liquidity position