1 answer

You find that Costco Corp. has the current ratio of 1.04, while the industry average current...

Question:

You find that Costco Corp. has the current ratio of 1.04, while the industry average current ratio is 1.10. You would conclude that

Costco has less short-term liquidity when compared to its peers.

Costco outperforms its peers in terms of short-term liquidity.

Costco has more short-term liquidity when compared to its peers.

Costco is a good shape in terms of short-term liquidity.


Answers

Current ratio helps in determining short term liquidity of a company.

Since current ratio of costco corp is lower than industry.

Costco would have lower short - term liquidity compared to industry.

The first option is correct.

Kindly do inform me in case you have any queries.

.

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