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Sherwood, Inc., had the following current assets and current liabilities at the end of two recent years: a. Determine the (1) current ratio and (2)

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Sherwood, Inc., had the following current assets and current liabilities at the end of two recent years: a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place. b. What conclusion can be drawn from these data? Sherwood's liquidity position has improved during the period. Sherwood's liquidity position has deteriorated during the period

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