The Consolidated Balance Sheet Liquidity 2. What is liquidity and why is this critical to business operations? How is Indigo doing with its liquidity position this year? Is it better or worse than last year? Calculate and explain the following ratios: a. Current Ratio b. Quick Ratio Consolidated Balance Sheets As Art 2021 A March 28 2020 thousands of Canadian dollar 84,935 22,976 215,114 12 278 ASSETS Current Cash and cash equivalents Accounts receivable Inventories tree Prepaid expenses Income taxes receivable Derivative assets the Other assets the 13 Total current assets Loan receivablere Property, plant, and equipment, net 101 Right-of-use assets, net nous 6 and 1 Intangible assets, net 6 und 12 Equity Investment, nett und 13 Total assets 2.120 337,423 120,473 7,640 241,812 6,062 138 3,794 2,320 382,239 446 91.215 382,146 24,571 2,353 882,970 77,131 361,864 20,916 2,156 799,490 164.294 51,673 2,034 10,682 68,402 LIABILITIES AND EQUITY Current Accounts payable and accrued liabilities (2) Unredeemed gift card liability Provisions de 15 23 Deferred revenue Short-term fease liabilities 1123 Derivative liabilities Total current liabilities Long-term accrued liabilities Long-term provisions 1 and 23 Long-term lease liabilities Total liabilities Equity Share capital Contributed surplus Retained deficit Accumulated other comprehensive income to Total equity Total liabilities and equity 145,193 58,053 2.365 16,486 67,603 1.622 291,322 2.090 827 482,671 776.910 297,085 1.196 469 500.215 798,965 226,986 13.782 (216,668) (1.520) 22,580 799,490 226,986 12,822 (158,801) 2.998 84,005 882.970