Question: Exercise 3-27 (Static) Computing and analyzing the current ratio LO A1 (a) Calculate the current ratio for each of the following competing companies. (Round your

Exercise 3-27 (Static) Computing and analyzing the current ratio LO A1 (a) Calculate the current ratio for each of the following competing companies. (Round your answers to 2 decimal places.) 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 Current Ratio (b) Which competitor is in the best position to pay its short-term obligations? O O O O O Edison MAXT Chatter TRU Gleeson

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