Problems Use the summarized financial information for The J. Willis Holding Company (JWHC) shown in the table below.for problemos through 4. Revenues CGS Last Year $5,700.00 $4,560.00 Current Year $5,050.00 $4,040.00 Cash & Equivalents Accounts Receivable Inventory $714.80 $500.00 $300.00 $120.00 $500.00 $340.00 Accounts Payable Accruals Notes Payable $320.00 $40.00 $70.00 $300.00 $50.00 $60.00 3. Suppose thata.creditor stipulatesthatJWHC must maintain a quick ratio of 1.50. Use the values forcur- rept liabilities in the current year to calculate the required level of cash holdingsandaccounts receivable. 1