Problems Use the summarized financial information for The J. Willis Holding Company (JWHC) shown in the table below.for problems.1 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 1. For both years, calculate the current ratio, quick ratio, NWC, and WCR. Interpret the values for the current year. Also, discuss the observed two-year trend in solvency. 2. For both years, calculate the CCC (and its components), the NLB, and DCH. Interpret the values for the current year. Also discuss the observed two-year trend in liquidity. 3. Suppose that a creditor stipulates that ]WHC must maintain a quick ratio of 1.50. Use the values forcur- rent liabilities in the current year to calculate the required level of cash holdings and accounts receivable. 4. If the CFO of JWHC wants the firm to target a WCR of $o, then what change in current operating assets is required all else constant)? a