Following are the current asset and current ability sections of the balance sheets for Freedom Inc. at January millions 2020 and 2019 in JANGARY January 31.1020.01.2019 510 6 7 $7 9 11 327 323 Current Assets Cash Accounts receivable Inventories Total current asseta Current Liabilities Note payable Accounts payable Other acerved liabilities Total current liabilities $5 6 322 Required: a. Calculate the working capital and current ratio at each balance sheet date. (Enter "Working capital in millions of dollars (.e. 10,000,000 should be entered as 10). Round your Current ratio" to 2 decimal places.) 001030011/2013 Working capital Ourrent ratio 5. Evaluate the firm's liquidity at each balance sheet date. O Based on the working capital and current ratio measures, the firm has become more liquid over the 2 year period. Based on the working capital and current ratio measures, the firm has become less liquid over the 2-year period. c. Assume that the firm operated at a loss during the year ended January 31, 2020. How could cash have increased during the year? O Changes in a firm's cash position and its profitability are not directly related under accrual basis of accounting O Changes in a firm's cash position and its profitability are not directly related under cash basis of accounting