liquidity ratios edison stagg and thornton have the following financial information 502441
Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10:
Edison
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liquidity ratios edison stagg and thornton have the following financial information 502441
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Stagg
Thornton
Cash
$4,000
$2,500
$1,000
Short-term investments
3,000
2,500
2,000
Accounts receivable
2,000
2,500
3,000
Inventory
1,000
2,500
4,000
Prepaid expenses
800
800
800
Accounts payable
200
200
200
Notes payable: short-term
3,100
3,100
3,100
Accrued payables
300
300
300
Long-term liabilities
3,800
3,800
3,800
Compute the current and quick ratios for each of the three companies. (Round calculations to two decimal places.) Which firm is the most liquid? Why?
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