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Question: Calculate the current ratio in each of the following separate cases (round the ratio to two decimals). Identify the company case with the strongest liquidity position. (These cases represent competing companies in the same industry.)

Current Assets Current Liabilities

Case 1 . . . . . . . . $ 78,000 $31,000

Case 2 . . . . . . . . 104,000 75,000

Case 3 . . . . . . . . 44,000 48,000

Case 4 . . . . . . . . 84,500 80,600

Case 5 . . . . . . . . 60,000 99,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92337156

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