Exercise 3-27 (Algo) Computing and analyzing the current ratio LO (a) Calculate the current ratio for each of the following competing companies. Note: Round your answers to 2 decimal places. Edison MAXT Chatter TRU Gleeson $ Current Assets Current Liabilities 87,000 $ 115,710 49,068 94,221 66,903 45,550 109,748 70,384 118,298 144.743 Current Ratio (b) Which competitor is in the best position to pay its short-term obligations?

Exercise 3-27 (Algo) Computing and analyzing the current ratio (a) Calculate the current ratio for each of the following competing companies. Note: Round your answers to 2 decimal places. (b) Which competitor is in the best position to pay its short-term obligations