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Licuidity Ratios JRL's financial statements contain the following information: Required: Mound your answers to two decimal places. 1. What is its current ratio? 2. What

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Licuidity Ratios JRL's financial statements contain the following information: Required: Mound your answers to two decimal places. 1. What is its current ratio? 2. What is its quick fatio? 3. What is its cash rato? 4. Discuss JaL's liquidity using these ratios. JaL's current ratio depends on how liquid JRL's are. If the is slow moving, then the quick rato may b a better indicator of liquidity. If accounts receivable may be difficult to collect, the is best indicator of liquidity

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