You have been provided with the current assets and current liabilities section of the Pacific Hotel $($See Attachment$).$

a$.$ Calculate the current ratio for the hotel

b$.$ Calculate the acid test ratio for the hotel

c$.$ Comment on the ratio

Attachment $1.$xIsx $9KB$

A$.$ a$.1\mathrm{.}05$

b$.0\mathrm{.}80$

c$.$ Lenders and shareholders might be happy that the acid test ratio is under $1\mathrm{.}0$

B$.$ a$.1\mathrm{.}05$

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