Consider the following data:

Requirements
1. Calculate the quick assets and the quick ratio for each company (round your final answer to two decimal places).
2. Calculate the current ratio for each company (round your final answer to two decimal places).
3. Which of the companies should be concerned about its liquidity?

Transcribed Image Text:

B COMPANY A $ 1,800 1,200 5,400 9,300 10,200 4,500 37,000 $ 8,700 6,700 13,400 31,800 20,100 Cash.. Short-term Investments.. Net Receivables. $ 6,600 3,100 11,000 26,900 $ 10,300 4,900 13,500 32,400 Total current assets . Current Liabilities..