Baldwin Corp. reported the following current accounts at the end of two recent years:

Required
1. Compute Baldwin€™s current ratio at the end of each of the two years.
2. How has Baldwin€™s liquidity changed at the end of 2010 compared to the end of 2009?
3. Comment on the relative composition of Baldwin€™s current assets at the end of 2010 compared to the end of2009.

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Cash Accounts receivable Inventory Accounts payable Wages payable Notes payable December 31, 2010 $3,000 15,000 12,000 12,000 2,000 6,000 December 31, 2009 6,000 10,000 8,000 7,000 1,000 4,000