Cill assis Cash and marketable securities Accounts receivable Inventory Total current assets Current liabilities Accrued wages and taxes Accounts payable Notes payable Total current liabilities $9.9 $39.3 $60.3 $109.5 $5.3 $34.8 $30.4 $70.5 (Related to Checkpoint 4.1) (Liquidity analysis) The most recent balance sheet of Raconteurs, Inc., (in millions) is found here: a. Calculate Raconteurs' current ratio and acid-test (quick) ratio. b. Benchmark ratios for the current and acid-test (quick) ratio are 1.49 and 1.22, respectively. What can you say about the liquidity of Raconteur's operations based on these two ratios? a. Calculate Raconteurs' current ratio and acid-test (quick) ratio. Raconteurs' current ratio is (Round to two decimal places.)
