Based on the Following Chart Comparing the Current and Quick

Multiple Choice

Based on the following chart comparing the current and quick ratio for Green Grocers Ltd.(GGL) to the industry averages for the food retailing business, which of the following statements is true? $$\begin{array} { l l l } & \begin{array} { l } \text { Current } \\\text { Ratio }\end{array} & \begin{array} { l } \text { Quick } \\\text { Ratio }\end{array} \\\text { GGL } & \underline { 1.50 } & .60 \\\text { Industry } & 1.20 & .60\end{array}$$

A) GGL has more inventory on hand than the industry.
B) GGL has less inventory on hand than the industry.
C) GGL has more cash and accounts receivable on hand than the industry.
D) GGL is more liquid than the industry.