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Company Y (Z) has the following information: current assets $312,000 ($786,000); current liabilities $219,000 ($702,000);...

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Accounting

Company Y (Z) has the following information: current assets $312,000 ($786,000); current liabilities $219,000 ($702,000); PPE $987,000 ($1,800,000); Stockholders equity $542,000 ($1,030,000). Company Y is in the tech industry where the average current ratio is 1.8. Company Z is in the banking industry where the average current ratio is 0.8. Compute each companys current ratio and comment on how theyre doing relative to the industry.

ALSO if you have any tips and tricks for similar questions on this topic feel free to share so I can get more practice. Thanks

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