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(Related to Checkpoint 4.1) (Liquidity analysis) The most recent balance sheet of Raconteurs, inc., (in millions) is found here: a. Calculate Raconteur's' current ratio and

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(Related to Checkpoint 4.1) (Liquidity analysis) The most recent balance sheet of Raconteurs, inc., (in millions) is found here: a. Calculate Raconteur's' current ratio and acid-test (quick) ratio. b. Benchmark ratios for the current and acid-test (quick) ratio are 1.50 and 1.20 , respectively. What can you say about the liquidity of Raconteur's operations based on these two ratios

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