Question: Look at the following current asset and liability data for Beaches Resorts (BR) and choose the correct conclusion: Assets Amount (Mil) Liabilities Amount (Mil) Cash

Look at the following current asset and liability data for Beaches Resorts (BR) and choose the correct conclusion:

Assets	Amount (Mil)	Liabilities	Amount (Mil)
Cash		$	90	Payables	$	495
Securities		$	210	Bank notes	$	350
Receivables		$	440	Other	$	167
Inventory		$	567
Industry average current ratio 1.33
Industry average quick ratio 0.79

BR is less liquid than the industry average according to both the current and quick ratio.BR is less liquid than the industry average according to the current ratio but more liquid according to the quick ratio.BR is more liquid than the industry average according to both the current and quick ratio.BR is more liquid than the industry average according to the current ratio but less liquid according to the quick ratio.

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