The Following Information Is Available for Trico and Its Two

The following information is available for Trico and its two main competitors in the industry (Duco and Unico):
$\begin{array}{|l|r|r|r|}\hline &\text { Trico } & \text { Duco } & \text { Unico } \\\hline \text { Cash } & \$ 9,800 & \$ 10,500 & \$ 26,500 \\\hline \text { Short-term investments } & 6,400 & 8,200 & 12,500 \\\hline \text { Accounts receivable } & 12,500 & 8,500 & 14,350 \\\hline \text { Merchandise inventory } & 30,150 & 40,000 & 40,150 \\\hline \text { Prepaid expense } & 900 & 6,750 & 2,450 \\\hline \text { Accounts payable } & 19,400 & 13,750 & 26,800 \\\hline \text { Salaries payable } & 1,200 & 3,500 & 6,250 \\\hline \text { Other current payables } & 600 & 1,200 & 2,150\\\hline\end{array}$
The industry standard for the current ratio is 1.8 and the industry standard for the acid-test ratio is 1.
Required:
1.Calculate the current ratio and acid-test ratio for each firm.
2.Rank the firms in decreasing order of liquidity.
3.Comment on Trico's relative liquidity position.