The most recent balance sheet of$$ Raconteurs, Inc.,$($in millions$)$ is found$$ here:$$Current assets

Cash and marketable securities $$9\mathrm{.}6$

Accounts receivable $$39\mathrm{.}9$

Inventory $$59\mathrm{.}3$

Total current assets $$108\mathrm{.}8$

Current liabilities

Accrued wages and taxes $$5\mathrm{.}4$

Accounts payable $$35\mathrm{.}5$

Notes payable $$29\mathrm{.}9$

Total current liabilities $$70\mathrm{.}8$

a$.$Calculate$$ Raconteurs' current ratio and$$ acid$-$test $($quick$)$ ratio.

b$.$Benchmark ratios for the current and$$ acid$-$test $($quick$)$ ratio are $1\mathrm{.}47$ and $1\mathrm{.}23,$ respectively. What can you say about the liquidity of$$ Raconteur's operations based on these two$$ ratios?