-Using the information given, analyze the liquidity of Quotidian Industries for 2013.
Definitions:
Old Machine
A piece of equipment that has been in use for a significant period and may be near or beyond its expected useful life.
Depletion
The allocation of the cost of a natural resource over its useful life as it is consumed or mined.
Ore Mined
The quantity of valuable mineral or material extracted from the earth.
Journal Entry
A record that details all the financial transactions of a company and their effect on accounts.
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