Essay
The following information pertains to Z-Mart,its competition,and the industry standards. 
The industry standard for the current ratio is 1.8 to 1.The industry standard for the acid-test ratio is 1 to 1.
Instructions:
(1)Calculate the current ratio and quick ratio for each firm.
(2)Rank the firms in decreasing order of liquidity.
(3)Comment on Z-Mart's relative position.
Correct Answer:
Verified
Correct Answer:
Verified
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