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Current Ratio The following information is listed on Beck's Bicycles, Inc.'s balance sheet as of 12/30/2016. Assets Liabilities Current Assets Current Llabilities Cash $ 2,000,000.00

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Current Ratio The following information is listed on Beck's Bicycles, Inc.'s balance sheet as of 12/30/2016. Assets Liabilities Current Assets Current Llabilities Cash $ 2,000,000.00 Accts. Payable $ 12,000,000.00 Accts. Receivables $19,000,000.00 Inventory $ 3.000.000.00 Total current Assets $ 14,000,000.00 Total Current $ 12,000,000.00 Llabilities Fixed Assets $ 125,000,000.00 Intangible Assets $ 0.00 Long-Term Liabilities $ 75,000,000.00 What is Beck's Current Ratio? The norm in Beck's industry is a current ratio of 2.0. How will potential lenders likely view Beck when comparing its current ratio to the industry norm? Multiple Choice Potential lenders will be concerned about lending to Beck because its current ratio is higher than the industry norm. Potential lenders will be excited about lending to Beck because its current ratio is higher than the industry norm. Potential lenders will be concerned about lending to Beck because its current ratio is lower than the industry norm. Potential lenders will be excited about lending to Beck because its current ratio is lower than the industry norm The norm in Beck's industry is a current ratio of 2.0. How will potential lenders likely view Beck when comparing its current ratio to the industry norm? Multiple Choice Potential lenders will be excited about lending to Beck because its current ratio is higher than the industry norm. Potential lenders will be concerned about lending to Beck because its current ratio is higher than the industry norm. Potential lenders will be concerned about lending to Beck because its current ratio is lower than the industry norm. Potential lenders will be excited about lending to Beck because its current ratio is lower than the industry norm

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