Task 4 - Liquidity Ratios Calculate the liquidity for Bebop Services Ltd as at 31.06.2021 and 31.6.2020 and fill in the ratio table. 2021 Formula Answer Liquidity Ratios Data used in the formula Current Ratio Current assets/current liability 130000/37000 3.5 Acid Test Ratio (Current assets-Invent ory) current liabilities (130000-30000 )/37000 2.7 2020 Formula Answe Liquidity Ratios Data used in the formula r Current assets/current liability Current Ratio 105000/50100 2.1 Acid Test Ratio (Current assets-Inventory) current liabilities 1.6 (105000-25000) 150100 Add the final Liquidity Ratios results for Bebop Services Ltd as at 31.06.2021 and 31.06.2020. Liquidity Ratios 2021 2020 Current Ratio 3.5 2.1 Acid Test Ratio 2.7 1.6 Learning Outcome Assessed: SS4 Demonstrate practical problem solving skills by analysing and interpreting accounting data using a range of financial ratios and recommending an appropriate course of action in response