Cornerstone Exercise 12-49 Short-Term Liquidity Ratios

Three ratios calculated for Puckerman, Cohen, and Chang companies for 2018 and 2019 follow.

(in millions)		Puckerman		Cohen		Chang
Current ratio	12/31/19		2.8 to 1		2.3 to 1		1.8 to 1
	12/31/18		2.0 to 1		1.5 to 1		2.2 to 1
Inventory turnover ratio	12/31/19		6.9 times		5.8 times		8.0 times
	12/31/18		7.6 times		5.8 times		9.6 times
Quick ratio	12/31/19		2.5 to 1		2.1 to 1		0.5 to 1
	12/31/18		1.0 to 1		1.4 to 1		1.2 to 1

Required:

Which company appears to be the most liquid?