19 1. Compute the current ratio for each of the following companies. (Round your answers to...
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19 1. Compute the current ratio for each of the following companies. (Round your answers to 2 decimal places.) Current Assets Current Liabilities Edison MAXT Chatter TRU Gleeson S 71,000 S 94 430 40,044 76.893 54,599 23.906 57,599 36,939 62,086 75,965 Current Ratio 2.97 1.64 1.08 1.24 0.72 2. Identify the company with the strongest liquidity position. (These companies represent competitors in the same industry) 19 1. Compute the current ratio for each of the following companies. (Round your answers to 2 decimal places.) Current Assets Current Liabilities Edison MAXT Chatter TRU Gleeson S 71,000 S 94 430 40,044 76.893 54,599 23.906 57,599 36,939 62,086 75,965 Current Ratio 2.97 1.64 1.08 1.24 0.72 2. Identify the company with the strongest liquidity position. (These companies represent competitors in the same industry)
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1337119207
14th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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