Question: please write and explain clearly. calculate the liquid ratio please! write the formula that i can follow step by step Question 10 The following is

please write and explain clearly. calculate the liquid ratio please! write

please write and explain clearly. calculate the liquid ratio please! write the formula that i can follow step by step

Question 10 The following is a simplified financial position statement for a company: $ $ Assets Cash 1230 000 Trading securities 200 000 $ Liabilities 250 Accounts 000 payable 360 Accrued 000 expenses payable 1480 Taxes 000 payable 2250 Long-term 000 debt 140 000 Accounts receivable Inventory 3 850 000 Shareholders 2 funds 340 000 Property 3 350 000 Equipment 450 000 Calculate the liquid ratio (two decimal places)

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