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Is melbourne liquidity improving or deteriorating

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Question - Melbourne Inc. reported a current ratio of 1.5:1 in the current year, which is higher than last year's current ratio of 1.3:1. It also reported an acid-test ratio of 1:1, which is higher than last year's acid-test ratio of 0.6:1. Is Melbourne's liquidity improving or deteriorating?

Reference no: EM132435505

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