The following companies are competing in the same industry where the industry norm for the...
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The following companies are competing in the same industry where the industry norm for the current ratio is 1.5. a. Complete the schedule. (Round the final answers to 2 decimal places.) Current Assets Current Liabilities Current Ratio Comparison to Industry Norm (Favourable or Unfavourable) Bruce Peter 86,000 119,500 67,000 54,250 84,500 104,750 :1 :1 :1 Clark b. Identify the company with the strongest liquidity position. Bruce Peter O Clark c. Identify the company with the weakest liquidity position. O Bruce Peter O Clark
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