A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 320 units. Ending inventory at January 31 totals 140 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 290 70 100 Unit Cost $2.70 2.90 3.04 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round your per unit costs to 2 decimal places.) Weighted Average - Perpetual Goods purchased Date # of Cost per units Cost of Goods Sold # of units Cost per Cost of Goods sold Sold Inventory Balance Cost per Inventory # of units unit Balance unit unit January 1 280 $ 2.70 $ 783.00 January 9 Average cost January 25 Average cost January 26 Totals 1. Calculate the current ratio for each of the following companies. (Round your answers to 2 decimal places.) Current Ratio Edison MAXT Chatter TRU Gleeson Current Current Assets Liabilities $ 84,000 $ 41,176 111.720 99,211 47,376 63,626 90.972 106.940 64,596 130,846 2. Identify the company with the strongest tiquidity position. (These companies are competitors in the same industry) Edison MAXT Chatter TRU Gleeson