Resolve and explain the result of the current ratio for XYZ Company and compare and explain this result with the Industry average, where current liabilities = $581,000 and current assets = $832,000. (5 points)

a. Resolve the current ratio for XYZ Company.

b. Explain the result of the current ratio for XYZ Company.

c. Compare and explain the result of the current ratio for XYZ Company with the Industry average.