The Following Information Refers to Annie's Attic and Its Competitors

question 9

Essay

The following information refers to Annie's Attic and its competitors in the antiques business.
$$\begin{array} { | l | c | c | } \hline & \text { Current Ratio } & \text { Quick Ratio } \\\hline \text { Annuie's Attic } & 2.0 & 0.95 \\\hline \text { Bart's Basement } & 1.5 & 1.00 \\\hline \text { Chisolm's Collectibles } & 1.8 & 1.20 \\\hline \text { Martin's Marbles } & 1.9 & 0.80 \\\hline \text { Industry Average } & 2.0 & 1.00 \\\hline\end{array}$$
Required:
Comment on the relative liquidity positions of these companies.

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Definitions:

Sustainability

Sustainability involves making decisions and taking action that are in the interests of protecting the natural world, with particular emphasis on preserving the capability of the environment to support human life and wellbeing.

Supply Chain

The system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.

Product Design

The process of creating a new product to be sold by a business to its customers, focusing on specifications, aesthetics, and usability.

Planning

The process of setting goals, developing strategies, and outlining tasks and schedules to achieve the goals.