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Based on the results of your analysis above (Current ratio of the company in 2018...

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Accounting

Based on the results of your analysis above (Current ratio of the company in 2018 and 2017 are 1.17 and 1.25 respectively, Acid test ration is 0.38 and 0.36), assess the company's overall liquidity position. Explain which ratios indicate particular strengths and/or weaknesses. Assume the following industry averages for 2018 and 2017 respectively: Current ratio = 1.10 and 1.43; Acid-test ratio = 0.30 and 0.34

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