The Following Information Refers to Percy's Records and Its Competitors

question 228

Essay

The following information refers to Percy's Records and its competitors in the music store business.
$$\begin{array} { | l | c | c | } \hline & \begin{array} { l } \text { Current } \\\text { Ratio }\end{array} & \begin{array} { l } \text { Quick } \\\text { Ratio }\end{array} \\\hline \text { Percy's Records } & 2.0 & 0.95 \\\hline \text { Tewel CDs } & 1.5 & 1.00 \\\hline \text { Rudy's Raps } & 1.8 & 1.20 \\\hline \text { Marvin's Jazz } & 1.9 & 0.80 \\\hline \text { Industry Average } & 2.0 & 1.00 \\\hline\end{array}$$ Required:
Comment on the relative liquidity positions of these companies.

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Definitions:

Types Of Data

Various classifications of data, including quantitative (numerical) and qualitative (non-numerical) data among others.

Secondary Data

Information that has been previously collected and is available for use by others for research, analysis, or decision-making purposes, unlike primary data which is collected firsthand.

Timely

Occurring at a suitable or opportune time; being prompt and efficient.

Relevant

Closely connected or appropriate to the matter at hand.