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The data below are for Curry Company and Lord Company. Lord Company is the best company in Curry's industry; all companies in the industry strive

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The data below are for Curry Company and Lord Company. Lord Company is the best company in Curry's industry; all companies in the industry strive to do things the way that Lord does them. Curry Lord Cash 500 3,250 Accounts Receivable 5,000 15,000 Inventory 3,000 19.500 PP&E 12,000 40,000 TOTAL ASSETS 20,500 77,750 TOTAL LIABILITIES 13,000 37.000 TOTAL EQUITY 7,500 40.750 Sales 20,000 130,000 Cost of Goods Sold (6,000) (39,000) Wage Expense (10,000) (65,000) Research Expense (2,000) (13,000) Advertising Expense (1.600) (6,000) NET INCOME 400 7,000 Which ONE of the following statements is FALSE regarding Curry's balance sheet? Remember, Lord Company represents the standard of performance in Curry's industry. Curry Company manages its inventory as efficiently as does Lord. O Curry Company's leverage is too low. O Curry Company manages its cash as efficiently as does Lord. O Curry Company has a problem managing its accounts receivable efficiently

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