Farnham Co. has the following balance sheet: Assets Current assets Cash $10,000 Trade accounts receivable 250,000 Inventory 100,000 Payments in advance 40,000 $400,000 Long-term assets At cost $450,000 Accumulated depreciation 250.000 200.000 Total assets $600.000 Liabilities & equity capital Current liabilities Trade accounts payable $200,000 Bank loan 100.000 $300,000 Long-term liabilities 100,000 Total liabilities $400,000 Equity Common stock S 10,000 Retained earnings 190,000 200,000 Total liabilities and shareholde $600.000 Required (a) Calculate the current ratio. (b) Calculate the quick ratio. (c) Is the company liquid or illiquid? (d) Calculate the debt to equity ratio. (e) Calculated the debt to assets ratio. (f) Comment on the level of the company' leverage