Question 7 The following is a simplified financial position statement for a company: Assets $ Liabilities...

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Question 7 The following is a simplified financial position statement for a company: Assets $ Liabilities $ Cash 220 Accounts 1740 000 payable 000 Trading 380 Accrued 440 securities 000 expenses 000 payable Accounts 1200 Taxes 180 receivable 000 payable 000 Inventory 2670 Long-term 3 000 debt 850 000 Property 3 Shareholders' 2 350 funds 340 000 000 Equipment 450 000 Calculate the liquid ratio (two decimal places). Question 7 The following is a simplified financial position statement for a company: Assets $ Liabilities $ Cash 220 Accounts 1740 000 payable 000 Trading 380 Accrued 440 securities 000 expenses 000 payable Accounts 1200 Taxes 180 receivable 000 payable 000 Inventory 2670 Long-term 3 000 debt 850 000 Property 3 Shareholders' 2 350 funds 340 000 000 Equipment 450 000 Calculate the liquid ratio (two decimal places).