Calculate the Current Ratio in Each of the Following Separate

question 55

Essay

Calculate the current ratio in each of the following separate cases and identify the company case with the strongest liquidity position.
$$\begin{array} { | l | l | l | } \hline & \text { Current Assets } & \text { Current Liabilities } \\\hline \text { Case 1 } & \$ 55,000 & \$ 30,000 \\\hline \text { Case 2 } & \$ 141,500 & \$ 85,000 \\\hline \text { Case 3 } & \$ 45,000 & \$ 59,000 \\\hline & & \\\hline & & \\\hline\end{array}$$

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Definitions:

Litigation Process

The series of actions and procedures involved in taking a case through the courts, including filing lawsuits, discovery, trial, and possibly appeal.

Enforcement

The act of compelling compliance with laws, regulations, or standards.

Speedier Method

A more efficient and rapid process or technique to achieve a certain objective or outcome.

Confidentiality

The requirement to keep certain information secret or private, often seen in professional or contractual relationships.