Evaluating liquidity - Quick ratio and current ratio You are a financial analyst for a large investment banking firm, and your manager has asked you to evaluate the liquidity of Tressel Co. on June 30, 2013, compared with June 30, 2012. Selected financial information from Tressel Co.'s balance sheets follows. Calculate the current ratio and quick ratio for Tressel for 2013 and 2012. According to your calculations, the current ratio for Tressel Co. on June 30, 2013, is the current ratio on June 30, 2012. So, according to the current ratio, Tressel Co.'s ability to pay its debts in the short term has year to year. Comparing the quick ratio year to year, you would infer that Tressel Co. is liquid on June 30, 2013