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Justin Hammer. CEO af Hammer Industries, is concetned whether his company may have a ligaidity problem He noted that the Quick Ratio for the past

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Justin Hammer. CEO af Hammer Industries, is concetned whether his company may have a ligaidity problem He noted that the Quick Ratio for the past throe years, starting in calendar years 2017 and ending in 2019 was calculated as 26%, 192 , and 1.7% cespectively The current ratio was calculated for the same years as 2.0%,1.5%, and 1.2%, respoctively. Mr. Hammer is unsure what this means and turns to you for advicel Do not let him down a. The quick ratio and the cufent ratio measures diflerent components (thus should not be corupared). b. The quick ratio should ahays be larger than the current ratio c. Mr. Hammer should ocder prices to be raised and slow inventory purchases before the rotios become eren vrotse. d. Mr. Hammet should ask for more information before making any decisions and taking further action

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