(Related to Checkpoint 4.1) (Liquidity analysis) The most recent balance sheet of Raconteurs, Inc., (in millions) is found here: a. Calculate Raconteurs' current ratio and acid-test (quick) ratio. b. Benchmark ratios for the current and acid-test (quick) ratio are 1.46 and 1.25, respectively. What can you say about the liquidity of Raconteur's operations based on these two ratios? Current assets Cash and marketable securities $9.8 Accounts receivable $40.2 Inventory $60.7 Total current assets $110.7 Current liabilities Accrued wages and taxes $5.3 Accounts payable $35.2 Notes payable $30.6 Total current liabilities $71.1