You are an accounts payable manager at Tiptop Sellers, which is a medium size department store. The company is having liquidity issues and needs to free up cash for expansion projects. You have come across the Wall Street Journal article entitled, "Delaying Payments to Suppliers Helps Companies Unlock Cash". Thearticlegives you some ideas for increasing liquidity, but you need to do more industry analysis. To help you understand liquidity within the retail sector, your boss creates a dashboard visualization using financial data from largest the five retailers mentioned in the article. The data is sourced from the Reuters website which is publicly available. She asks you to interpret the data and answer the questions below.

1.Which company has the highest current ratio compared to the other companies?

Costco

Amazon

Walgreens

Walmart

2.Which company had a decrease in the acid test ratio from 2018 to 2019?

Costco

Walmart

Walgreens

Amazon

3.Which of the following statement is true?

Companies that had the largest sales revenue had the highest current ratio.

Companies that had the lowest sales revenue had the lowest acid test ratio.

There is no relationship between the amount of sales revenue and the value of the current ratio.

Amazon has acceptable current ratio and acid test ratio values.

4.What can be concluded from the dashboard?

The value of Cash & Equivalents is directly correlated with the company's total revenue.

Walmart's creditors will have concern over Walmart's ability to pay.

Walmart's Other Current Assets can be used to pay its immediate debts.

The retail sectors share a common quick ratio that can be used as an industry benchmark