Which of the following statements is INCORRECT? If the current ratio is too high the company may not be managing its assets effectively. If the current ratio is too high the company may have an insignificant amount of receivables. If the current ratio is too high the company may have overly high levels of inventory. If the current ratio is too high the company may have too much cash on hand.

Pharoah Enterprise Ltd. revealed the following information for the years ended December 31, 2023 and 2024: Pharoah Enterprise's credit terms are net 30 days. Pharoah Enterprise's quick ratio for Year 2024 is 0.75:1 1.96:1. 1.47:1 0.48:1