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Evaluating Firm Liquidity The following financial information is taken from the balance sheets
of the Peter Company and the Paul Company: Calculate the current ratio for each company.
Round answers to two decimal places, when appropriate. Peter Company Paul Company Which
firm has a higher level of liquidity?

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  • 1. Evaluating Firm Liquidity The following financial information is taken from the balance sheets of the Peter Company and the Paul Company: Calculate the current ratio for each company. Round answers to two decimal places, when appropriate. Peter Company Paul Company Which firm has a higher level of liquidity?