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a.Calculate Raconteurs' current ratio and acid-test (quick) ratio. b.Benchmark ratios for the current and acid-test (quick) ratio are 1.47 and 1.24, respectively. What can you
a.Calculate Raconteurs' current ratio and acid-test (quick) ratio. b.Benchmark ratios for the current and acid-test (quick) ratio are 1.47 and 1.24, respectively. What can you say about the liquidity of Raconteur's operations based on these two ratios? Current assets
Cash and marketable securities 9.8
Accounts receivable 40.2
Inventory 59.4
Total current assets 109.4 Current liabilities
Accrued wages and taxes 5.3
Accounts payable 34.8
Notes payable 30.6
Total current liabilities 70.7
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