Calculate the current ratio for each of the following companies (round the ratio to two decimals). Identify the company with the strongest liquidity position. (These companies represent competitors in the same industry.)
___________________ Current Assets_ Current Liabilities
Edison ................... $79,040 ...... $32,000
MAXT ................... 104,880 ...... 76,000
Chatter ................... 45,080 ...... 49,000
TRU ...................... 85,680 ...... 81,600
Gleeson .................. 61,000 ...... 100,000