Short-Term Liquidity Ratios The financial statements for Puck Enterprises, a retailer, follow. Current assets: Cash and cash equivalents Accounts receivable Merchandise inventories Other Total current assets Property and equipment: Land Buildings and improvements Fixtures and equipment Construction-in-progress Accumulated depreciation Net property and equipment Other Total assets LIABILITIES AND STOCKHOLDERS' EQUITY \begin{tabular}{rr} $1,120 & $998 \\ 4,753 & 4,342 \\ 2,162 & 2,197 \\ 248 & 223 \\ \hline(2,336) & $5,563 \\ \hline$5,947 & 37) \\ \hline 320 & $10,337 \\ \hline \hline \end{tabular} Current liabilities: Notes payable Accounts payable Accrued liabilities Income taxes payable Current portion of long-term debt Total current liabilities Long-term debt nofaread innomatoune ond athar \begin{tabular}{rr} $200 & $23 \\ 1,654 & 1,596 \\ 903 & 849 \\ 145 & 125 \\ 173 & 371 \\ \hline$3,075 & $2,964 \\ 4,279 & 4,330 \\ 526 & 15n \end{tabular} 1. Compute the four short-term liquidity ratios for 2022 and 2023 assuming operating-ash flows are 5281 million and 5500 million, fespectively, Round vour answers to two decimal places. 2. Conceptual Connectioni Indicate which ratio appears to be most appropriate for a retail organiration