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Accounts payable Short-term debt Other current liabilities 5 7,070 4,250 1,240 1,028 1,300 Total current liabilities s 8.310 s 6.578 1-a. Calculate the current ratio
Accounts payable Short-term debt Other current liabilities 5 7,070 4,250 1,240 1,028 1,300 Total current liabilities s 8.310 s 6.578 1-a. Calculate the current ratio for Simon. Then calculate the current ratio for Garfunkel. (Round your answers to 2 decimal places.) Current Ratio Simon Garfunkel 1-b. Which of the two companies has the best current ratio? O Simon O Garfunkel 2-a. Calculate the acid-test (quick) ratio for Simon. Then calculate the acid-test (quick) ratio for Garfunkel. (Round your answers to 2 decimal pla Acid-test (quick) Ratio Simon Garfunkel 2-b. Which of the two companies has the best acid-test ratio? O Garfunkel
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