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The following companies are competing in the same industry where the industry norm for the current ratio is 1.5. a. Complete the schedule. (Round the
The following companies are competing in the same industry where the industry norm for the current ratio is 1.5. a. Complete the schedule. (Round the final answers to 2 decimal places.) Current Assets Current Liabilities Current Ratio Comparison to Industry Norm (Favourable or Unfavourable) Bruce Peter 86,000 119,500 67,000 54,250 84,500 104,750 :1 :1 :1 Clark b. Identify the company with the strongest liquidity position. Bruce Peter O Clark c. Identify the company with the weakest liquidity position. O Bruce Peter O Clark
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