The statements of Company J read below. Please, express your opinion about the liquidity of the firm from 2019 to 2021. Is the liquidity of the firm improving or deteriorating? Please, compute the current ratio for expressing your opinion.

		2,021	2,020	2,019
Cash		84.1	210.6	228.6
Marketable Securities		91.2	114.4	174.8
Accounts Receivable		374.4	202.3	255.2
Inventories		178.1	201.2	198.6
Accounts Payable		358.7	307.4	347.4
Short-Term Debt		54.9	64.1	38.7
CURRENT RATIO		?

Answer rating: 100% (QA)

To assess the liquidity of the firm over the years 2019 to 2021 we can look at the changes in its cu... View the full answer