QUESTION 3) (35 pts) Year-end balance sheets for 2020 and 2019 of XYZ Inc. are given below: a) Compare the liquidity position of this company at the end of 2020 and 2019 by computing the current ratio and acid-test ratio (20 pts) - Show calculations. Use two digits after the decimal point. If you do not show your calculations, you will not gain any point from this question. b) Comment on the ratio results you computed in (a) (15 pts, min. 75 words) Cash Trade receivables Inventory Property, Plant & Equipment Total assets 2020 2019 50,000 40,000 8,000 16,000 7,000 14,000 75,000 90.000 140,000 160,000 Accounts payable Salaries payable Long-term bank loan Common stock Retained earnings Total liabilities and equity 40,000 20,000 10,000 20,000 22,000 44,000 45,000 30,000 23.000 46.000 140,000 160,000