Question 1 Minden Co has current assets that consist of cash: $20,000, receivables: $70,000 and inventory: $90,000. Current liabilities are $75,000. The current ratio is: e) none of the above. Question 2: Minden Co has current assets that consist of cash: $20,000, receivables: $70,000 and inventory: $90,000. Current liabilities are $75,000. The quick ratio is: d) 0.8:1 e) none of the above. Question 3: Minden Co has current assets that consist of cash: $20,000, receivables: $70,000 and inventory: $90,000. Current liabilities are $75,000. On the basis of the current ratio and the quick ratio, Minden Co is: a) highly illiquid; b) somewhat liquid; c) adequately liquid; d) excessively liquid; e) none of the above