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22 5 points 8 01:08:15 Calculate the current ratio in each of the following cases...

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Accounting

22 5 points 8 01:08:15 Calculate the current ratio in each of the following cases and indicate whether it is Favourable (F) or Unfavourable (U) (assuming that the current ratio for the industry is an average of 1.1): (Round the final answers to 2 decimal places.) Current Assets Current Liabilities Case 1 Case 2 Case 3 Case 4 Current Assets $ 73,800 98,400 39,800 78,900 Case 1 Case 2 Case 3 Case 4 $73,800 $98,400 $39,800 $78,900 30,300 74,300 47,300 79,900 Current Liabilities $ 30,300 74,300 47,300 79,900 Current Ratio F/U
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Calculate the current ratio in each of the following cases and indicate Whether it is Favourable (F) or Uniovourable (U) (assuming that the current ratio for the industry is an average of 11) (Round the final answers to 2 decimal places.)

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