Q7: The following information is available for Trico and its two main competitors in the industry (Duco and Unico): Trico Duco Unico Cash.. $9,800 $10,500 $26,500 Short-term investments. 6,400 8,200 12,500 Accounts receivable. 12,500 8,500 14,350 Merchandise inventory.. 30,150 40,000 40,150 Prepaid expense. 900 6,750 2,450 Accounts payable. 19,400 13,750 26,800 Salaries payable. 1,200 3,500 6,250 Other current payables. 600 1,200 2,150 The industry standard for the current ratio is 1.8 and the industry standard for the acid-test ratio is 1. Required: A. Calculate the current ratio and acid-test ratio for each firm. B. Rank the firms in decreasing order of liquidity. C. Comment on Trico's relative liquidity position. END