Question: Calculate (to two decimal places) the current ratio in each of the following cases and indicate whether it is Favourable (F) or Unfavourable (U) (assuming

Calculate (to two decimal places) the current ratio in each of the following cases and indicate whether it is Favourable (F) or Unfavourable (U) (assuming that the current ratio for the industry is an average of 1.1):

Case 1 Case 2 Case 3 Case 4 Current Assets $78,000 $104,000 75,000 $44,000 48,000 $84,500 80,600

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