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:

Substance Withdrawal

Experience of clinically significant distress in social, occupational, or other areas of functioning due to the cessation or reduction of substance use.

Alcohol-Induced

Pertains to conditions or disorders that are directly caused by the consumption of alcohol.

Amnesia

A condition characterized by the loss of memories, such as facts, information, and experiences, which may occur due to various causes including trauma or disease.

Intoxicated

The condition of having physical and mental control impaired by the excessive consumption of alcohol or drugs.