If company a has a current ratio of 20 and its industry, Ask an Expert

Economics

If Company A has a Current Ratio of 2.0 and its industry peers have an average Current Ratio of 1.0. What does this information indicate?

a) Company A's assets is twice the amount as its industry peers average

b) Company A's current assets is twice the amount as its industry peers average

c) Company A's ability to meet the obligations of its current liabilities is stronger than its industry peers average

d) Indicates nothing at all

Please explain which is the correct answer with correct reasoning.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91708970

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