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Short-Term Liquidity Ratios The financial statements for Puck Enterprises, a retailer, follow. Puck Enterprises Consolidated Income Statements (millions of dollars except per share data) Puck
Short-Term Liquidity Ratios The financial statements for Puck Enterprises, a retailer, follow. Puck Enterprises Consolidated Income Statements (millions of dollars except per share data) Puck Enterprises Consolidated Balance Sheets (Millions of dollars) 2023December31, ASSETS Current assets: Cash and cash equivalents Accounts receivable Merchandise inventories Other Total current assets Property and equipment: Land Buildings and improvements Fixtures and equipment Construction-in-progress Accumulated depreciation Net property and equipment Other Total assets 1. Compute the four short-term liquidity ratios for 2022 and 2023 a5suming operating cash flows are $281 million and $460 million, respectively. Round you answers to two decimal places. 2. Conceptual Connectioni Indicote which ratio appears to be most approprote for a retail organization
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