You are analyzing the current ratios of two major payment processing companies, Visa Inc. and Mastercard Incorporated, for the fiscal year 2023.

Requirements:

1. Visa reported current assets of $50 billion and current liabilities of $30 billion for the fiscal year 2023. Mastercard reported current assets of $40 billion and current liabilities of $20 billion during the same period.
2. Calculate the current ratio for both Visa and Mastercard.
3. Compare the current ratios of Visa and Mastercard and discuss their short-term liquidity positions.

Answer rating: 100% (QA)

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