Use the following to answer question:
-(Table: Bongos and Frisbees) Use Table: Bongos and Frisbees.Bill and Mickey make bongos and Frisbees.Who has the comparative advantage in producing Frisbees?
Definitions:
Working Capital
The difference between a company's current assets and current liabilities, indicating the short-term financial health and operational efficiency of a business.
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term and long-term obligations, calculated as current assets divided by current liabilities.
Acid-test Ratio
A financial metric that measures a company's ability to pay off its current liabilities with its most liquid assets without relying on the sale of inventory.
Debt-to-Equity Ratio
A ratio used to measure the balance between the amount of debt and equity financing a company's assets.
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