Current Assets Current Llabilitles 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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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 are competitors in the same industry.) 

Current Assets
Current Llabilitles
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
Transcribed Image Text:Current Assets Current Llabilitles 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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