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 1.6. 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 98,750 121,000 71,500 31,250 95,000 100,500 :1 Clark b. Identify the company with the strongest liquidity position. O Bruce O Peter Clark c. Identify the company with the weakest liquidity position. Bruce O Peter O Clark
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