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Business, 10.12.2019 19:31 ashvinmsingh

Liquidity ratio josh smith has compiled some of his personal financial data in order to determine his liquidity position. the data are as follows: account amount cash $ 3 comma 240 marketable securities 1 comma 030 checking account 790 credit card payables 1 comma 220 short-term notes payable 1020 a. calculate josh's liquidity ratio. b. several of josh's friends have told him that they have liquidity ratios of about 1.6. how would you analyze josh's liquidity relative to his friends?

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