1. Consider the following two companies:

   	Company A	Company B
   Cash	$1,000	$80
   Accounts Receivable	400	880
   Net Fixed Assets	1,500	1,620
   	$2,900	$2,580
   Accounts Payable	900	600
   Long-Term Debt	800	1,100
   Common Equity	1,200	880
   	$2,900	$2,580

   Which of the two firms is more liquid? Why? Please use whatever analysis is appropriate to support your answer and show any calculations you may have used to arrive at your answer.