1. What is the current ratio if a company’s short-term asset balance is $135,000 and its short-term liabilities balance is $60,000? 2. Which company has a higher degree of liquidity: Company A with a...

1. What is the current ratio if a company’s short-term asset balance is $135,000 and its short-term liabilities balance is $60,000?

2. Which company has a higher degree of liquidity: Company A with a current ratio of 2, or Company B with a current ratio of 1.7?

3. What is the debt ratio if the total assets financed with debt total $1,700,000 and assets total $2,500,000?