The current ratio equals current assets divided by current liabilities. Cardinal Corporation has a current ratio of 0.95. The relative to its industry industry average current ratio is 1.89. Cardinal Corporation appears to have peers 8. good investment value Ob, poor profitability c. short-term liquidity problems Od long-term solvency problems e low stock market value QUESTION 10 A cash outlay that was incurred in the past and cannot be recovered in the future regardless of whether the proposed project is accepted or not is known as a(n): O a.sunk cost ob opportunity cost O c. externality Od cannibal Cost O e mutually exclusive expenditure