Total current assets for the Lilly Company at the end of 2018 were $4,550,000. Total cash and accounts receivable included in current assets were $2,100,000. The company's current liabilities were $2,333,000 Company's in the same business as Lilly have a Quick Ratio's of .75. Is Lilly's Quick Ratio higher and or lower than its competitors, and what does that imply about its ability to cover its current obligations at the end of 2018?

A Lilly's Quick Ratio is higher and appears to have more liquidity than its peer group at the end of 2018 to satisfy its current liabilities.

B Lilly's Quick Ratio is lower than its peer group, and therefore at the end of 2018 appears to have less liquidity to satisfy its current liabilities.

C Lilly's Quick Ratio is approximately the same as its peer group and therefore it has about the same level of liquidity relative to its current liabilities as its peer group.

D Answer cannot be determined from info provided.