Read the information for Guinther & Sons, Inc The average current ratio for stores such as Guinther & Sons is 2.4 to 1 . What does this comparison tell you about its liquidity?
a. It is more liquid than its competitors.
b. It has more long-term assets than its competitors.
c. Since a rule of thumb for current ratios is 2 to 1, neither Guinther & Sons, Inc. nor its competitors is liquid.
d. Guinther & Sons, Inc. is more profitable than its competitors.
a
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