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The current ratio of a company for 2020 is 3.5 vs industry average of 1.. and the quick ratio is 1.35 vs industry average of

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The current ratio of a company for 2020 is 3.5 vs industry average of 1.. and the quick ratio is 1.35 vs industry average of 1.35. This implies: Longer period for payables vs receivables Current liabilities increased Current assets lower than the industry average Higher inventory levels vs the industry

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