eBook Question Content Area Liquidity Ratios SJM's financial statements contain the following information: Cash$2,725,000 Accounts receivable3,050,000 Inventory3,950,000 Marketable securities1,725,000 Accounts payable3,275,000 Accrued expenses1,700,000 Long-term debt9,100,000 Required: Round your answers to two decimal places. 1. What is the current ratio? fill in the blank 1 2. What is the quick ratio? fill in the blank 2 3. What is the cash ratio? fill in the blank 3 4. Discuss SJM's liquidity using these ratios. SJM’s current ratio depends on how liquid SJMs are. If the is slow moving, then the quick ratio may be a better indicator of liquidity. If accounts receivable may be difficult to collect, the is best indicator of liquidity