Question: Steve's Tree Farm has $205,000,000 in total current assets which includes $111,000,000 in inventory. Steve's Tree Farm also has $123,000,000 in current liabilities. Calculate the

Steve's Tree Farm has $205,000,000 in total current assets which includes $111,000,000 in inventory. Steve's Tree Farm also has $123,000,000 in current liabilities. Calculate the current ratio. Current Ratio = Current Assets / Current Liabailities $205,000 / $123,000 = 1.67 9. Given the same information in #8, if the industry average for a quick ratio is 1.50, is Steve's Tree Farm doing better or worse than its competitors? 10. Given the same information in #8, calculate the quick ratio (also known as the acid test ratio)

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