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What celia fabric current ratio indicates

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Reference no: EM132752005

Year              Celia's Fabrics               Current Ratio Industry
              Average    Current Ratio
2015                 1.5:1                           1.3:1
2014                   1.4:1                           1.1:1
2013                     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

Reference no: EM132752005

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