The following information refers to Annie's Attic and its competitors in the antiques business:
$$\begin{array} { | l | c | c | }
\hline & \text { Current Ratio } & \text { Quick Ratio } \
\hline \text { Annie's Attic } & 2.0 & 0.95 \
\hline \text { Bart's Basement } & 1.5 & 1.00 \
\hline \text { Chisolm's Collectibles } & 1.8 & 1.20 \
\hline \text { Martin's Marbles } & 1.9 & 0.80 \
\hline \text { Industry Average } & 2.0 & 1.00 \
\hline
\end{array}$$
Required:
Comment on the relative liquidity positions of these companies.

Question

The following information refers to Annie's Attic and its competitors in the antiques business:
 $$\begin{array} { | l | c | c | } 
\hline & \text { Current Ratio } & \text { Quick Ratio } \
\hline \text { Annie's Attic } & 2.0 & 0.95 \
\hline \text { Bart's Basement } & 1.5 & 1.00 \
\hline \text { Chisolm's Collectibles } & 1.8 & 1.20 \
\hline \text { Martin's Marbles } & 1.9 & 0.80 \
\hline \text { Industry Average } & 2.0 & 1.00 \
\hline
\end{array}$$ 
Required:
Comment on the relative liquidity positions of these companies.

Quizplus · Accepted Answer

The Answer of The following information refers to Annie's Attic and its competitors in the antiques business:
 $$\begin{array} { | l | c | c | } 
\hline & \text { Current Ratio } & \text { Quick Ratio } \
\hline \text { Annie's Attic } & 2.0 & 0.95 \
\hline \text { Bart's Basement } & 1.5 & 1.00 \
\hline \text { Chisolm's Collectibles } & 1.8 & 1.20 \
\hline \text { Martin's Marbles } & 1.9 & 0.80 \
\hline \text { Industry Average } & 2.0 & 1.00 \
\hline
\end{array}$$ 
Required:
Comment on the relative liquidity positions of these companies.

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