Question: 10 points Save As Question 7 Noto. Please show all work early and in order. You MUST show all procedures as equations on how to

10 points Save As Question 7 Noto. Please show all work early and in order. You MUST show all procedures as equations on how to get to your answer. If you only show the answe. 50% of total points will be deducted Apex Corporation has current liabilities of $2 million, a current ratio of 3.0, a quick ratio of 2.0, and a cash ratio of 75. Given this information, answer the following about the firm's liquidity: 1) What is the value of inventory? 2) What is the value of receivables? 3) What will happen to each of the three ratios if $1 million in current llabilities is refunded with long-term debt? TTT Arad 3 [12pt

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