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Selected financial data regarding current assets and current liabilities for two competing companies, Simon and Garfunkel, are provided as follows: Required: 1-a. Calculate the current
Selected financial data regarding current assets and current liabilities for two competing companies, Simon and Garfunkel, are provided as follows: Required: 1-a. Calculate the current ratio for Simon. Then calculate the current ratio for Garfunkel. 1-b. Which of the two companies has the best current ratio? 2-a. Calculate the acid-test (quick) ratio for Simon. Then calculate the acid-test (quick) ratio for Garfunkel. 2-b. Which of the two companies has the best acid-test ratio? Complete this question by entering your answers in the tabs below. Which of the two companies has the best acid-test ratio
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