The following information pertains to Yogita, her competition, and the industry standards.

	Yogita	Nhat	Aurora
Cash	$9,350	$10,490	$27,000
Accounts receivable	12,140	8,750	14,650
Merchandise inventory	29,480	41,230	39,820
Prepaid insurance	1,500	6,590	3,900
Accounts payable	$17,800	$14,720	$27,490
Salary payable	1,000	2,980	8,750
Other payable	550	1,010	3,240

The industry standard for the current ratio is 1.8 to 1, and for the acid-test ratio, 1 to 1. Instructions: (1) Calculate the current ratio and quick ratio for each firm. (2) Rank the firms in decreasing order of liquidity. (3) Comment on Yogita's relative position.

NOTE: Be sure to answer all 3 requirements in this question.