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Calculate the current ratio in each of the following cases and indicate whether it is Favourable (F) or Unfavourable (U) (assuming that the current ratio

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Calculate the current ratio in each of the following cases and indicate whether it is Favourable (F) or Unfavourable (U) (assuming that the current ratio for the industry is an average of 1.1): (Round the final answers to 2 decimal places.) Current Assets Current Liabilities Case 1 Case 2 Case 3 Case 4 $75,600 $100,800 $41,600 $81,300 30,600 74,600 47,600 80,200 Current Current Current Assets Liabilities Ratio FIU Case 1 $ 75,600 $ Case 2 30.600 = 1 74,600 = 47,600 80,200 100,800 41.600 81,300 Case 3 Case 4

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