Response to the following problem:
Calculate the current ratio in each of the following separate cases (round the ratio to two decimals). Identify the company case with the strongest liquidity position. (These cases represent competing companies in the same industry.)
Current Assets Current Liabilities
Case 1 . . . . . . . . $ 78,000 $31,000
Case 2 . . . . . . . . 104,000 75,000
Case 3 . . . . . . . . 44,000 48,000
Case 4 . . . . . . . . 84,500 80,600
Case 5 . . . . . . . . 60,000 99,000