Question: Selected financial data regarding current assets and current liabilities for two competing companies, Simon and Garfunkel, are provided as follows: Required: 1-a. Calculate the current

Selected financial data regarding current assets and current liabilities for two

Selected financial data regarding current assets and current liabilities for two competing companies, Simon and Garfunkel, are provided as follows: Required: 1-a. Calculate the current ratio for Simon. Then calculate the current ratio for Garfunkel. 1-b. Which of the two companies has the best current ratio? 2-a. Calculate the acid-test (quick) ratio for Simon. Then calculate the acid-test (quick) ratio for Garfunkel. 2-b. Which of the two companies has the best acid-test ratio? Complete this question by entering your answers in the tabs below. Which of the two companies has the best acid-test ratio

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