1. Liquidity ratios.Edison, Stagg, and Thornton have the following financial information at the close of business on July 10:EdisonStaggThorntonCash$6,000$5,000$4,000Short-term investments3,0002,5002,000Accounts receivable2,0002,5003,000Inventory1,0002,5004,000Prepaid expenses800800800Accounts payable200200200Notes payable: short-term3,1003,1003,100Accrued payables300300300Long-term […]