The following information refers to Percy's Records and its competitors in the music store business.
$$\begin{array} { | l | l | l | }
\hline & { \text { Current Ratio } } & { \text { Quick Ratio } } \
\hline \text { Percy's Records } & 2.0 & 0.95 \
\hline \text { Tewel CDs } & 1.5 & 1.00 \
\hline \text { Rudy's Raps } & 1.8 & 1.20 \
\hline \text { Marvin's Jazz } & 1.9 & 0.80 \
\hline \text { Industry Average } & 2.0 & 1.00\
\hline
\end{array}$$
Required:
Comment on the relative liquidity positions of these companies.

Question

The following information refers to Percy's Records and its competitors in the music store business.
 $$\begin{array} { | l | l | l | } 
\hline & { \text { Current Ratio } } & { \text { Quick Ratio } } \
\hline \text { Percy's Records } & 2.0 & 0.95 \
\hline \text { Tewel CDs } & 1.5 & 1.00 \
\hline \text { Rudy's Raps } & 1.8 & 1.20 \
\hline \text { Marvin's Jazz } & 1.9 & 0.80 \
\hline \text { Industry Average } & 2.0 & 1.00\
\hline  
\end{array}$$ 
Required:
Comment on the relative liquidity positions of these companies.

Quizplus · Accepted Answer

The Answer of The following information refers to Percy's Records and its competitors in the music store business.
 $$\begin{array} { | l | l | l | } 
\hline & { \text { Current Ratio } } & { \text { Quick Ratio } } \
\hline \text { Percy's Records } & 2.0 & 0.95 \
\hline \text { Tewel CDs } & 1.5 & 1.00 \
\hline \text { Rudy's Raps } & 1.8 & 1.20 \
\hline \text { Marvin's Jazz } & 1.9 & 0.80 \
\hline \text { Industry Average } & 2.0 & 1.00\
\hline  
\end{array}$$ 
Required:
Comment on the relative liquidity positions of these companies.

The Following Information Refers to Percy's Records and Its Competitors