Business, 21.08.2021 03:50 babyambs50

Using the financial information of ABC Co. below, evaluate the company's current ratio. Select all answers which apply. $ in millions 2019 Current assets $ 620 Current liabilities $ 430 Current ratio 1.44 Industry current ratio 1.28 Multiple select question. The company's ratio is above the industry's ratio, so this company is able to cover its debt better than others in this industry. The company's ability to pay short-term obligations is not in doubt since its current ratio is greater than 1.0 Since the company's current ratio is greater than 1.0, it indicates future challenges in covering liabilities.

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Using the financial information of ABC Co. below, evaluate the company's current ratio. Select all a...

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