Brief Exercise 12-56 Short-Term Liquidity Ratios Larry, Curly, and Moe companies operate in the same industry. Each company provided financial information to the public containing three ratios for 2021 and 2022. (in millions) Larry Curly Moe Current ratio 12/31/22 2.3 to 1 1.9 to 1 1.8 to 1 12/31/21 2.0 to 1 1.5 to 2 2 to 1 Inventory turnover ratio 12/31/22 5.6 times 4.6 times 6.0 times 12/31/21 7.6 times 5.8 times 9.6 times Quick ratio 12/31/22 2.2 to 1 1.9 to 1 0.7 to 1 12/31/21 1.0 to 1 1.4 to 1 1.2 to 1 Required: Which company appears to be the most liquid at December 31, 2022? Required: Which company appears to be the most liquid? because it has the highest meaning that its current assets will more than cover its current liabilities