Q6. Josh Smith has compiled some of his personal financial data in order to determine his liquidity position. The data are as follows. Account Amount Cash $3,200 Marketable securities 1,000 Checking account 800 Credit card payables Short-term notes payable 1,200 900 a. Calculate Josh's liquidity ratio. b. Several of Josh's friends have told him that they have liquidity ratios of about 1.8. How would you analyze Josh's liquidity relative to his friends? Ans