Question: 2. Current Ratio and Quick Ratio [LO2] In recent years, Dixie Co. has greatly increased its current ratio. At the same time, the quick ratio

2. Current Ratio and Quick Ratio [LO2] In recent years, Dixie Co. has greatly increased its current ratio. At the same time, the quick ratio has fallen. What has happened? Has the liquidity of the company improved? 3. Current Ratio [LO2] Explain what it means for a firm to have a current ratio equal to .50. Would the firm be better off if the current ratio were 1.50? What if it were 15.0? Explain your answers

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