Cornerstone Exercise 8-33 (Algorithmic) Liquidity Ratios XYZ's financial statements contain the following information: Cash $297,000 Accounts receivable 636,000 Inventory 786,000 Marketable securities 99,000 Accounts payable 462,000 Accrued expenses 138,000 Long-term debt 1,300,000 Round answers to two decimal places. Required: 1. What is its current ratio? 2. What is its quick ratio? 3. What is its cash ratio? 4. Using the ratios computed above, answer the following regarding NWA's liquidity. are. If the is slow moving, then the quick ratio may be a better indicator of liquidity. If accounts receivable may be difficult to collect, NWA's current ratio depends on how liquid NWA's the is best indicator of liquidity