Question: this is one question The current assets and current liabilities for Violet Inc, and Magenta, Inc., are as follows at the end of a recent

this is one question this is one question The current assets and current liabilities for

The current assets and current liabilities for Violet Inc, and Magenta, Inc., are as follows at the end of a recent fiscal period: "These represent prepaid expense and other nonquick current assets. a. Determine the quick ratio for both companies. If required, round your answers to one decimal place. b. Which company has a stronger relative cash and short-term investment position

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