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You have been asked to analyze a firm in the consumer staples industry. The firm's major financial statements are listed above. The industry quick ratio
You have been asked to analyze a firm in the consumer staples industry. The firm's major financial statements are listed above. The industry quick ratio is 0.60, the industry cash coverage ratio is 53.56, and the industry average days in inventory is 7.67. Which of the following statements is true for the firm? The firm has a stronger ability to meet short-term liabilities than the industry The firm is in a worse position to service their debt than the industry The firm sells through their inventory faster than the industry Two choices, A and B, are correct
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