Annual Statement Studies reported the following figures for manufacturers of screw machine products for the ratio of current assets to current debt. The following figures are for a particular industry's current ratio: 1.6; 1.3; 1.2 . Which best describes these three numbers?
a. One third of each of the companies experienced each of the ratios.
b. The average ratio was 1.3 . The best firm had 1.6; The worst had 1.2.
c. The median was 1.3 . 1.6 is the figure for the upper quartile; 1.2 is the figure for the lower quartile.
d. The median was 1.3 . 1.6 is the figure for the lower quartile; 1.2 is the figure for the upper quartile.
e. None of the answers are correct.
C
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