IGF Foods Company is a large, primarily domestic, consumer foods company involved in the manufacture, distribution, and sale of a

variety of food products. Industry averages are derived from Troy's The Almanac of Business and industrial Financial Ratios.

Following are the $2024$ and $2023$ comparative balance sheets for IGF. $($The financial dato we use are from actual financial statements

of a well$-$known corporation, but the company name used is fictitious, and the numbers and dates have been modified slightly.$)$

Liquidity refers to a company's cash position and overall ability to obtain cash in the normal course of business. A company is said to

be liquid if it has sufficient cash or is capable of converting its other assets to cash in a relatively short period of time so that currently

maturing debts can be paid.

Requlred:

Calculate the current ratio for IGF for $2024.$ The average ratio for the stocks listed on the New York Stock Exchange in a

comparable time period was $1\mathrm{.}5.$

Calculate IGF's acid$-$test or quick ratio for $2024.$ The ratio for the stocks listed on the New York Stock Exchange in a comparable

time period was $0\mathrm{.}80.$

Required $1$

Requirged

Calculate the current ratio for IGF for $2024.$ The average ratio for the stocks listed on the New York Stock Exchange in a

comparable time period was $1\mathrm{.}5.$

Note$1$ Round your answer to $2$ decimal places.

Current ratis

Required $1$

Calculate IGF's acid$-$test or quick ratio for $2024.$ The ratio for the stocks listed on the New York Stock Exchange in a

comparable time period was $0\mathrm{.}80.$

Note: Round your answer to $2$ decimal places.