$1.$ URL one $(5$ points$)$:

$($a$)$ For each of the five corporations compute the current ratio, $$ which you compute by dividing the total current assets by the $$ total current liabilities $$ data is located on the balance sheet $$ of each company. Please show your work. If you just show $$ the answer, you will not receive any points.

$($b$)$ Then rank the five companies from one to five according to $$ current position or solvency.

$2.$ URL two $(5$ points$)$: $$

$($a$)$ Compute the acid test or quick ratio, which you compute by dividing the total current assets $($minus prepaid insurance & all the inventory accounts$)$ by the total current liabilities. Some corporations do not show prepaid insurance on their balance sheet. $($Because of the materiality concept, they record it as an expense rather than a current asset$).$ If any of the five listed corporations do this, then ignore it in your calculation of the ratio. Please show your work. If you just show$$ the answer, you will not receive any points.

$($b$)$ Then rank your five companies according to current position or solvency.