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

Question 154

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The following information refers to Annie's Attic and its competitors in the antiques business.
Current Ratio Quick ratio
Annie's Attic………………... 2.0 0.95
Bart's Basement……... 1.5 1.00
Chisolm's Collectibles…... 1.8 1.20
Martin's Marbles…………. 1.9 0.80
Industry Average………… 2.0 1.00
Required:
Comment on the relative liquidity positions of these companies.

Correct Answer:

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Both Chisolm's Collectibles and Bart's B...

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