Brief Exercise 8-58 Liquidity Ratios JRL's financial statements contain the following information: Cash Accounts receivable Inventory Marketable securities Accounts payable Accrued expenses Long-term debt $400,000 800,000 950,000 115,000 575,000 180,000 900,000 Required: Round your answers to two decimal places. 1. What is its current ratio? 2. What is its quick ratio? 3. What is its cash ratio? 4. Discuss JRL's liquidity using these ratios. are. If the JRL's current ratio depends on how liquid JRL'S liquidity. If accounts receivable may be difficult to collect, the is slow moving, then the quick ratio may be a better indicator of is best Indicator of liquidity