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BrightBank Corporation provides the following financial information for the fiscal year ending December 31, 20X7: Current Assets: $200 million Current Liabilities: $80 million Cash: $50

BrightBank Corporation provides the following financial information for the fiscal year ending December 31, 20X7:

  • Current Assets: $200 million
  • Current Liabilities: $80 million
  • Cash: $50 million
  • Accounts Receivable: $100 million
  • Inventory: $30 million
  • Short-term Investments: $20 million
  • Current Debt: $60 million
  • Marketable Securities: $40 million

Calculate the liquidity ratios, including the current ratio and quick ratio, and interpret the results to assess BrightBank Corporation's short-term financial stability.

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