Hi Alpha, if i was doing an excel income statement balance sheet with this information, how would i construct one with this information - Using the financial information provided, evaluate the liquidity position of J&B Boating. Current Ratio: J&B Boating's Current Ratio (1.45) is slightly above the industry median (1.43). This places J&B Boating in a good position relative to the industry, indicating that the company has a good balance of current assets relative to its current liabilities. Quick Ratio: J&B Boating's Quick Ratio (0.88) is also above the industry median (0.84). Suggesting that J&B Boating can meet its short-term obligations without the need to liquidate inventory, which is a positive indicator of liquidity. J&B Boating liquidity - Both Current Ratio and Quick Ratio are above the median values, which suggests that the company is managing its short-term assets and liabilities effectively. J&B Boating has a Current Ratio of 1.45, indicating adequate short-term asset coverage of its liabilities. However, the Quick Ratio of 0.88 suggests a slight dependency on inventory for liquidity. J&B Boating is good in terms of liquidity when compared to the industry median. This good liquidity position could provide J&B Boating with a competitive advantage in the industry, allowing for more flexibility in operations and potential for growth