Following are the current asset and current liability sections of the balance sheets for Freedom Incorporated at January 31, 2023 and 2022 (in millions): January 31, 2023 January 31, 2022 Current Assets Cash $ 12 $ 9 Accounts receivable 8 11 Inventories 7 11 Total current assets $ 27 $ 31 Current Liabilities Note payable Accounts payable $ 4 $ 4 4 1 Other accrued liabilities Total current liabilities Required: 3 3 $ 11 $ 8 a. Calculate the working capital and current ratio at each balance sheet date. b. Evaluate the firm's liquidity at each balance sheet date. c. Assume that the firm operated at a loss during the year ended January 31, 2023. How could cash have increased during the year? Complete this question by entering your answers in the tabs below. Req A Req B and C Show less Calculate the working capital and current ratio at each balance sheet date. Note: Enter "Working capital" in millions of dollars (i.e., 10,000,000 should be entered as 10). Round your "Current ratio" to 2 decimal places. 01/31/2023 01/31/2022 Working capital Current ratio