单选题
The current ratio for an industry is 3.2. Data for a firm in the industry is presented below:
| As at December 31 | £'000s |
| Cash | 200 |
| Accounts receivable | 350 |
| Inventory | 1,250 |
| Accounts payable | 300 |
| Taxes payable | 200 |
| Installment loan payable, due in three equal annual payments on June 30. | 600 |
Using the current ratio, when compared with the industry, the firm is best described as being:
【正确答案】
B
【答案解析】
B is correct. Current ratio = Current assets ÷ Current liabilities
