Problem 3-21 (Static) Calculate and analyze liquidity measures LO 3-6 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, January 31, 2023 2022 Current Assets Cash $ 30 $ 10 Accounts receivable 20 25 Inventories 40 45 Total current assets $ 90 $ 80 Current Liabilities Note payable $ 20 $ 20 Accounts payable 30 10 Other accrued liabilities 10 10 Total current liabilities $ 60 $ 40 Required: 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?