Use the following selected financial information to compare these two companies at December 31, 2019, and to answer the questions that follow. 
?
A)Compute the current ratios for the two companies.
B)Compute the quick ratios for the two companies.
C)Which company appears to be more liquid?
D)What other ratios would help to more fully assess the liquidity of these two companies?
Definitions:
Total Assets
The sum of all current and non-current assets owned by a company, representing its overall value.
Cash Collection
The process of receiving and processing payments from customers, including cash, checks, and credit card payments.
Expense Accounts
Financial accounts used to track money spent or costs incurred in a company's operations.
Credits
Entries in accounting that increase liabilities, revenue, or equity accounts, or decrease asset or expense accounts.
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