Part 1 All Harooz runs a small Business unit. He is concerned with the liquidity position of his firmas he has heard that liquidity problems are one of the most frequent explanations for business failure. The following data is available: Particulars Inventory Cash Sundry Debtors Creditors Bills Receivable Bank Overdraft Amount 1,50,000 60,000 300,000 360,000 35000 40000 I Approved by: Verified by: Red / Checked: Required Q1. Calculate the current ratio and liquidity (acid test) ratio based on the above data.(8 marks)4 marks on each ratio calculation Q2. Give a brief evaluation of the liquidity position of All Harooz Business unit (2marks) Part II in congidoring an investment of $100 000 The useful life of the