Calculate the current ratio for each of the following companies (round the ratio to two decimals). Identify the company with the strongest liquidity position. (These companies represent competitors in the same industry.) Current Assets Current Liabilities Edison $ 79,040 $ 32,000 MAXT 104,880 76,000 Chatter 45,080 49,000 TRU 85,680 81,600 Gleeson 61,000 100,000
Calculate the current ratio for each of the following companies (round the ratio to two decimals). Identify the company with the strongest liquidity position. (These companies represent competitors in the same industry.) Current Assets Current Liabilities Edison $ 79,040 $ 32,000 MAXT 104,880 76,000 Chatter 45,080 49,000 TRU 85,680 81,600 Gleeson 61,000 100,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Calculate the
company with the strongest liquidity position. (These companies represent competitors in the same industry.)
| Current Assets | Current Liabilities | |
| Edison | $ 79,040 | $ 32,000 |
| MAXT | 104,880 | 76,000 |
| Chatter | 45,080 | 49,000 |
| TRU | 85,680 | 81,600 |
| Gleeson | 61,000 | 100,000 |
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