The top part of Sara, Inc.'s 2020 balance sheet is listed as follows (in millions of dollars).

Calculate Current and quick ratios, then answer the below questions

Current assets:
Cash and marketable securities	20
Accounts receivable	40
Inventory	60
Current liabilities:
Accrued wages and taxes	20
Accounts payable	30
Notes payable	40

The quick ratio of the company	Answer 1Choose...0.67 times2.33 years1.22 TimesTrue5.56%130 times0.56 times1.33 years2.33 times1.22 years$901.33 times$1202 Times$ 30False
The current ratio of the company	Answer 2Choose...0.67 times2.33 years1.22 TimesTrue5.56%130 times0.56 times1.33 years2.33 times1.22 years$901.33 times$1202 Times$ 30False
The Company has a very risky position regarding the current liquidity (True, False)	Answer 3Choose...0.67 times2.33 years1.22 TimesTrue5.56%130 times0.56 times1.33 years2.33 times1.22 years$901.33 times$1202 Times$ 30False
The Networking capital of the company	Answer 4Choose...0.67 times2.33 years1.22 TimesTrue5.56%130 times0.56 times1.33 years2.33 times1.22 years$901.33 times$1202 Times$ 30False
The Company has a fair position regarding the quick liquidity (True, False)	Answer 5Choose...0.67 times2.33 years1.22 TimesTrue5.56%130 times0.56 times1.33 years2.33 times1.22 years$901.33 times$1202 Times$ 30False