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Question 2 Calculate the current ratio in each of the following cases and indicate whether it is Favourable (F) or Unfavourable (U) (assuming that the

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Question 2 Calculate the current ratio in each of the following cases and indicate whether it is Favourable (F) or Unfavourable (U) (assuming that the current ratio for the industry is an average of 1.1): (Round the final answers to 2 decimal places.) Current Assets Current Liabilities Case 1 Case 2 Case 3 Case 4 $79,800 $106,400 $45,800 $86,900 31,300 75,300 48,300 80,900 Current Current Current Assets Liabilities Ratio FIU Case 1 $ 79,800 $ 31.300 Case 2 106,400 75,300 Case 3 45,800 48,300 Case 4 86,900 80,900

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