Problem
In November 2018, Ford had cash of $16.72 million, current assets of $114.65 million, and current liabilities of $95.57 million. It also had inventories of $11.22 million.
1. What was Ford's current ratio?
2. What was Ford's quick ratio?
3. During the same time, Hewlett-Packard had a quick ratio of 0.61 and a current ratio of 0.85. What can you say about the asset liquidity of Ford relative to Hewlett-Packard?