A company has a quick ratio of 2.3 and a current ratio of 2.8. Industry averages are 2.0 for the quick ratio and 3.1 for the current ratio. Which of the following statements is most likely true? Question options: The company has less inventory than the industry benchmark. The company has more receivables than the industry benchmark. The company has less receivables than the industry benchmark. The company has more inventory than the industry benchmark.
A company has a quick ratio of 2.3 and a current ratio of 2.8. Industry averages are 2.0 for the quick ratio and 3.1 for the current ratio. Which of the following statements is most likely true? Question options: The company has less inventory than the industry benchmark. The company has more receivables than the industry benchmark. The company has less receivables than the industry benchmark. The company has more inventory than the industry benchmark.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A company has a quick ratio of 2.3 and a
Question options:
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The company has less inventory than the industry benchmark. |
|
The company has more receivables than the industry benchmark. |
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The company has less receivables than the industry benchmark. |
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The company has more inventory than the industry benchmark. |
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