1 and 3?

Problems Use the summarized financial information for The J. Willis Holding Company (JWHC) shown in the table below for problems 1 through 4 . 1. For both years, calculate the current ratio, quick ratio, NWC, and WCR. Interpret the values for the current year. Also, discuss the observed two-year trend in solvency. 2. For both years, calculate the CCC (and its components), the NLB, and DCH. Interpret the values for the current year. Also, discuss the observed two-year trend in liquidity. 3. Suppose that a creditor stipulates that JWHC must maintain a quick ratio of 1.50 . Use the values for current liabilities in the current year to calculate the required level of cash holdings and accounts receivable