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Q-2 (20 points) Evaluating Liquidity. For its fiscal year ended June 30, 2020, the Microsoft Corpora- tion (MSFT) had cash and short-term investments of $136,527
Q-2 (20 points) Evaluating Liquidity. For its fiscal year ended June 30, 2020, the Microsoft Corpora- tion (MSFT) had cash and short-term investments of $136,527 million, accounts receivable of $32,011 million, current assets of $181,915 million, and current liabilities of $72,310 million. (a) What was Microsoft's current ratio? (b) What was Microsoft's quick ratio? (c) What was Microsoft's cash ratio? (d) Suppose for the fiscal year ended June 30, 2019, the ACF, Inc. had a cash ratio of 1.5, a quick ratio of 1.9, and a current ratio of 2.8. What can you say about the asset liquidity of Microsoft relative to ACF, Inc
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