If the current ratio of a company was 1.78, then the following implication could be made. O a. The company's current ratio is bad if the average industry ratio is 1.70. O b. The company's current ratio is good if the current ratio of the prior year exceeded 1.78. O c. The company's current ratio is bad if the current ratio of the prior year was smaller than 1.78. O d. The company's current ratio is good if the average industry ratio is 1.70. O e Comparisons between a company's current year ratio and either the company's prior year ratio or the average industry ratio are not appropriate