CCD Inc. has a current ratio of 1.12 for 2021. The industry average is 0.80. Which statement best describes CCD's financial situation? a) b) c) CCD's current liabilities exceed its current assets more than other similar businesses in the industry. CCD definitely has a lot more cash in the bank compared to similar businesses in the industry. The impact of CCD's current ratio cannot be determined based on facts provided. d) CCD can meet its current obligations. e) CCD cannot pay its obligations in the short-term compared to similar businesses in the industry.