11 2 points E Exercise 3-27 (Algo) Computing and analyzing the current ratio LO A1 (a) Calculate the current ratio for each of the following competing companies. (Round your answers to 2 decimal places.) Current Assets Current Liabilities Edison MAXT Chatter TRU Gleeson Edison MAXT Chatter x 70,000 $ 93,100 39,480 75,810 53,830 TDI I 28,571 68,841 44,149 74,203 90,791 (b) Which competitor is in the best position to pay its short-term obligations? Current Ratio

Exercise 3.27 (Algo) Computing and analyzing the current ratio LO A1 (a) Calculate the current ratio for each of the following competing companies. (Round your answers to 2 decimal places.) (b) Which competitor is in the best position to pay its short-term obligations? Edison MAXT Chatter B TDII