1 chp 13 analysis case

Calculate the current ratio for IGF for 2024. The average ratio for the stocks listed on the New York Stock Exchange in a comparable time period was 1.5 . Note: Round your answer to 2 decimal places. IGF Foods Company is a large, primarily domestic, consumer foods company involved in the manufacture, distribution, and sale of a variety of food products. Industry averages are derived from Troy's The Almanac of Business and Industrial Financlal Ratios. Following are the 2024 and 2023 comparative balance sheets for IGF. (The financial data we use are from actual financial statements of a well-known corporation, but the company name used is fictitious, and the numbers and dates have been modified slightly) Liquidity reters to a company s casn posimon and overair abuty to odram casn in me normal course or business. A company is said to be liquid if it has sufficient cash or is capable of converting its other assets to cash in a relatively short period of time so that currently maturing debts can be paid Required: 1. Calculate the current ratio for IGF for 2024 . The average ratio for the stocks listed on the New York Stock Exchange in a comparable time period was 15 2. Calculate IGF's acid-test or quick ratio for 2024 . The fatio for the stocks listed on the New York Stock Exchange in a comparable time period was 0.80 . Calculate IGF's acid-test or quick ratio for 2024. The ratio for the stocks listed on the New York Stock Exchange in a comparable time period was 0.80 . Note: Round your answer to 2 decimal places