Click to watch the Tell Me More Learning Objective 6 video and then answer the questions below. 1. The ability to convert assets into cash is called a. solvency b. financial convertibility c. liquidity d. None of these are correct. 2. The following amounts were taken from a company's balance sheet: Total assets, $100,000 Total liabilities, $20,000 Total owner's equity, $80,000 Current assets, $10,000 Current liabilities, $5,000 The company's net working capital would be a. $80,000 b. $5,000 c. $10,000 d. $20,000 . 3. The following amounts were taken from a company's balance sheet: Total assets, $100,000 Total liabilities, $20,000 Total owner's equity, $80,000 Current assets, $10,000 Current liabilities, $5,000 . The company's current ratio would be a. 0.50 b. 5.00 C. 2.00 d. None of these are correct