Question: b . Benchmark ratios for the current and acid - test ( quick ) ratio are 1 . 4 9 and 1 . 2 2

b. Benchmark ratios for the current and acid-test (quick) ratio are 1.49 and 1.22, respectively. What can you say about the liquidity of Raconteurs' operations based on these two ratios?(Select all the correct choices from below.)
A.
Based on its current ratio, Raconteurs, Inc. is slightly more liquid than the peer group since its current ratio is higher.
B.
Raconteurs'acid-test ratio indicates lower liquidity than its current ratio and Raconteurs'acid-test ratio shows lower liquidity when compared against the industry average.
C.
Based on its current ratio, Raconteurs, Inc. is slightly less liquid than the peer group since its current ratio is higher.
D.
Raconteurs'acid-test ratio indicates higher liquidity than its current ratio and Raconteurs'acid-test ratio shows higher liquidity when compared against the industry average.

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