In general which is better high liquidity ratio values or, Financial Management

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In general which is better high liquidity ratio values or

1. In general, which is better, high liquidity ratio values or low liquidity ratio values? Is it possible for the current and quick ratio values to get too large? How might this occur? What problem does it indicate the firm may be experiencing??

2. What is the clean price (4 decimal points using $100 par) of a FHLB 1.65% note maturing on May 15, 2014 that settles on September 24, 2012 with a yield of .60%?

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