Which of the following statements about current ratios is most appropriate?

Select one:

a.The determination of whether a current ratio is acceptable is best made by reference to industry norms, a current ratio less than 1.5 is unacceptable and a current ratio greater than 1.0 is excellent

b.A current ratio greater than 1.0 is excellent.

c.The determination of whether a current ratio is acceptable is best made by reference to industry norms.

d.A current ratio less than 1.5 is unacceptable.

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