Birtles runs a toy shop. She is concerned with the liquidity position of her firm as she
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Birtles runs a toy shop. She is concerned with the liquidity position of her firm as she has heard that liquidity problems are one of the most frequent explanations for failure. The following data are available:
a. Calculate the current and acid test ratio based on the above data.
b. Give a brief evaluation of the liquid position of the business to Birtles.
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