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Liquidity ratio Josh Smith has compled some of his personal financial data in order to determine his liquidity position. The data are as follows Account

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Liquidity ratio Josh Smith has compled some of his personal financial data in order to determine his liquidity position. The data are as follows Account Amount Cash $3,280 1,080 780 1,170 830 Marketable securities Checking account Credit card payables Short-term notes payable a. Calculate Josh's liquidity ratio b Several of Josh's friends have told him that they have liquidity ratios of about 2 1 How would you analyze Josh's liquidity relative to his friends? a. Josh's liquidity ratio is (Round to two decimal places) b Several of Josh's friends have told him that they have liquidity ratios of about 2 1 How would you analyze Josh's iquidity relative to his friends? (Select all the answers that apply) A. Since Josh's liquidity ratio exceeds 2 1 Josh has more liquidity than his friends D B. Josh's'ratio indicates that he is in a relatively inferior position to satsfy his existing short-term debt obligations as they come due C. Josh's ratio indicates that he is in a reletively better posision to satisly his future short-term debt obligations as they come due D. Since Josh's liquidity ratio exceeds 2.1 Josh has less liquidity than his friends

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