b) Lunga (Pty) Lid, a retailer has the following working capital accounts. Year 2020 2019 2018 Current Assets Cash 2000 1500 1000 Accounts receivables 6000 4000 2000 Inventory 8000 4500 2000 Total current assets 16000 10000 5000 Current Liabilities Accounts payables 4500 3500 2000 Short-term liabilities 3500 1500 500 Total current liabilities 8000 5000 2500 REQUIRED Marks (1) For years 2018 - 2020, calculate and comment on Lunga's liquidity position based on: Current ratio 7 ii) Quick ratio Cash ratio 3 Describe and calculate other useful indicators of firm's liquidity that can (2) 5 be calculated from Lunga's Balance sheet information provided/.. Using the results of parts (1) and (2). discuss the limitations of the current (3) ratio as a measure of liquidity for Lunga. List other ratios that would be useful to confirm your analysis. State what (4) 3 you would expect these ratios to show