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Paragraph 2 9. Selected balance sheet and income statement information for two manufacturing companies: Stripe, Inc. and Polka-dot Corporation follows: Stripe Polka-dot (in $ millions)

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Paragraph 2 9. Selected balance sheet and income statement information for two manufacturing companies: Stripe, Inc. and Polka-dot Corporation follows: Stripe Polka-dot (in $ millions) (in $ millions) Cash $ 1,860 $ 26,558 Marketable securities 380 110 Accounts receivable 3,460 38,424 All other current assets 4,306 39,986 Total current liabilities 7,296 129,009 Total liabilities 9,592 148,564 Total equity 12,060 121,551 Pre-tax income 1,280 18,830 Interest expense 105 1,791 a. Calculate the current ratio and quick ratio for both companies. b. Which company is more liquid? Explain

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