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1. Calculate the current ratio for each of the following companies. (Round your answers

to 2 decimal places.)

Current Assets Current Liabilities Current Ratio

Edison $78,000 $27,368

MAXT 103,740 65,942

Chatter 43,992 42,290

TRU 84,474 71,079

Gleeson 59,982 86,968

 Identify the company with the strongest liquidity position. (These companies are competitors in the same industry.)

Top Answer

The current ratio is a liquidity and effeciency ratio that measures a firm's ability to pay off its short-term liabilities... View the full answer

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