The balance sheet of Stevenson Inc. includes the following items: Required 1. Determine the current ratio and working capital. 2. Beyond the information provided in your answers to (1), what does the...

The balance sheet of Stevenson Inc. includes the following items:

Required

1. Determine the current ratio and working capital.

2. Beyond the information provided in your answers to (1), what does the composition of the current assets tell you about Stevenson’s liquidity?

3. What other information do you need to fully assess Stevenson’s liquidity?