please could you solve with steps

o 2 5 11 Questions 31 through 34 refer to Exhibit 1. EXHIBIT 1 Common-Size Balance Sheets for Company A, Company B, and Sector Average Company A Company B Sector Average ASSETS Current Assets Cash and cash equivalents 5 5 7 Marketable securities 5 Accounts receivable, net 15 12 Inventories 15 20 16 Prepaid expenses 5 15 Total current assets 35 55 48 Property, plant, and equipment, net 40 35 37 Goodwill 25 8 Other assets 0 Total assets 100 100 100 LIABILITIES AND SHAREHOLDERS' EQUITY Cument liabilities Accounts payable 10 10 Short-term debt 25 10 15 Accrued expenses 5 3 Total current liabilities 35 25 Long-term debt 45 28 Other non-current liabilities Total liabilities SO 55 63 Total shareholders equity 45 32 Total liabilities and shareholders equity 0 10 10 O 28 20 ahl 0 10 20 100 100 100 31. Based on Exhibit 1, which statement is most likely correct? a. Company A has below-average liquidity risk. b. Company B has above-average solvency risk. c. Company A has made one or more acquisitions MacBook Air 31.Based on Exhibit 1, which statement is most likely correct? a. Company A has below-average liquidity risk. b. Company B has above-average solvency risk. C. Company A has made one or more acquisitions. 32. The quick ratio for Company A is closest to: a. 0.43. b. 0.57. c. 1.00. 33.Based on Exhibit 1, the financial leverage ratio for Company B is closest to: a. 0.55 I b. 1.22 c. 2.22. 34. Based on Exhibit 1, which ratio indicates lower liquidity risk for Company A compared with Company B? a. Cash ratio. b. Quick ratio. c. Current ratio