The following information is available for Morgan Company and Parker Company, similar firms operating in the same industry. Write a half-page report comparing Morgan and Parker using the available information.

Your discussion should include their ability to meet current obligations and to use current assets efficiently.AppendixLO1

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Microsoft Excel - Book 1 Ele Edt Yew Famat Ids Da Accounting Window p 100% Aral 10 B $% 1 3 Current ratio Morgan Parker 2009 2008 2007 2009 2008 2007 1.7 1.6 2.1 3.2 2.7 1.9 4 Acid-test ratio 1.0 1.1 1.2 2.8 2.5 1.6 5 Accounts receivable turnover 30.5 25.2 29.2 16.4 15.2 16.0 6 Merchandise inventory turnover 24.2 21.9 17.1 14.5 13.0 12.6 Working capital $70,000 $58,000 $52,000 $131,000 $103,000 $78,000 ex 6x