finance:

A high current ratio, for instance 20 when the industry average is 1.8, would likely indicate

Question 29 (10 points) A high current ratio, for instance 20 when the industry average is 1.8, would likely indicate the firm is highly liquid, but likely has too much of its resources tied up in assets that provide low returns. the firm is highly profitable and is using its assets efficiently, despite solvency problems. the firm needs to borrow long term to payoff a portion of its current liabilities to bring this ratio down. O the firm is illiquid and may be unable to pay its bills. the firm is extremely well managed