FINANCIAL CHAPTER 12 Question 2 of 5 View Policies Current Attempt in Progress (Liquidity and profitability analysis) -/25 EE Cathy's Cuisine Ltd. is a small restaurant and catering business started three years ago by Cathy Crosby. Initially the company's operations consisted of a small diner. In 2019, the company added the catering services as a way to expand sales without having to add space for seats. As the catering side of the business grew in 2020, the company purchased a used vehicle for deliveries. All sales in the diner are cash, debit, or credit card, but for catering jobs, customers are invoiced after the event. Most of the company's suppliers offer terms of 30 days. Selected financial information for Cathy's Cuisine Ltd. follows. 2020 2019 Assets Cash $9,080 $3,360 Accounts receivable 15.810 9.920 Inventory 10,510 6.320 Land 16.360 16,360