A firm has a current ratio of 5.4 and a quick ratio of 2.3, while the industry norm is 4.5 for the current ratio and 3.2 for the quick ratio. What does the comparison of the current ratio and quick ratio of the firm to the industry indicate?

1. The firm has lower accounts receivable Holding than the industry average.
2. The firm has higher inventory holding than the industry average.
3. The firm has higher accounts receivable holding than the industry average.
4. The firm has lower inventory holding than the industry average