Start with the partial model in the file Ch03 P15 Build a Model.xls from the textbooks Web

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Start with the partial model in the file Ch03 P15 Build a Model.xls from the textbook’s Web site. Joshua & White (J&W) Technologies’s financial statements are also shown below. Answer the following questions. (Note: Industry average ratios are provided in Ch03 P15 Build a Model.xls.)

a. Has J&W’s liquidity position improved or worsened? Explain.

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