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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.) Case 1 Case 2 Case 3 Case 4 Current Assets $79,200 $105,600 $45,200 $86,100 Current Liabilities 31,200 75,200 48,200 89,800 Current Current Current Assets $ 79,200 Ratio FU Liabilities $ 31,200 = 1 75,200 Case 1 Case 2 Case 3 Case 4 105,600 45 200 86.100 48.2001 80.800

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