Question: Following are the balance sheets for the years ended June

Following are the balance sheets for the years ended June 30, 2018 and 2017 for Seahorse Inc.:



Required:
a. Calculate the current ratio and the quick ratio on June 30, 2017 and 2018.
b. Assess the change in the liquidity position of Seahorse Inc.
c. Can you think of any circumstances where a significant increase in the quick ratio could be an indicator of a deteriorating liquidity position?
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  • CreatedFebruary 26, 2015
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