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 Current Assets $ 80,400 107,200 46,400 87,700 Case 1 Case 2 Case 3 Case 4 $80,400 $107,200 $46,400 $87,700 31,400 75,400 48,400 81,000 Current Liabilities $ 31,400 = 75,400 = 48,400 81,000 = Current Ratio F/U

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 11 ): (Round the final answers to 2 decimal places.)