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15.) Liquidity Ratios Look at the following current asset and liability data for Beaches Resorts (BR) and choose the correct conclusion: AssetsAmount (Mil) Cash Securities
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Liquidity Ratios Look at the following current asset and liability data for Beaches Resorts (BR) and choose the correct conclusion: AssetsAmount (Mil) Cash Securities Receivables Inventory Industry average current ratio 1.21 Industry average quick ratio 0.70 iabilities Amount (Mil) $ 115 Payables $ 225 Bank notes $ 420 Other $567 $ 550 $350 $ 143 BR is more liquid than the Industry average according to the current ratio but less liquid according to the quick ratio BR is more liquid than the Industry average according to both the current and quick ratio BR Is less liquid than the Industry average according to both the current and quick ratio BR Is less liquid than the Industry average according to the current ratio but more liquid according to the quick ratioStep by Step Solution
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