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Year Celia's Fabrics Current Ratio Industry Average Current Ratio2015 1.5:1 1.3:12014 1.4:1 1.1:12013 1:1 1:1
Problem 1: Using the Industry average as a guide, Celia Fabric's current ratio for 2015 indicates that the business's ability to pay current debts is:
(a) Bad (b) Marginal (C) Good (d) Not enough information
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