$4,500 $2,400 $2,100 $1,200 $900 $50 $850 $250 $600 Balance Sheet for Polly Corporation (in millions) Income Statement for Polly Corporation (in millions) Assets Revenue Cash and marketable securities $150 Cost of goods sold Accounts receivable $360 Gross profit Inventories $430 Operating expenses Net fixed assets $600 Earnings before interest costs and taxes (EBIT) Total assets $1,540 Interest Liabilities and Shareholders' Equity Earnings before taxes Accounts payable $375 Taxes Short-term debt $125 Earnings after taxes Long-term debt Shareholders' equity $715 Total liabilities and shareholders' equity $1,540 The current ratio averages 2.4 in Polly's industry. Which of the following statements is true? O A. Polly is not considered very liquid because its current ratio of 1.9 is less than the industry average. OB. Polly is considered very liquid because its current ratio of 1.9 is less than the industry average O C. Polly is not considered very liquid because its current ratio of 0.5 is more than the industry average OD. Polly is considered very liquid because its current ratio of 0.5 is more than the industry average $325