Using the financial information of ABC Co$.$ below, evaluate the company's current ratio. Select all answers which apply.

$ in millions

Current Year

Current assets

$ $620$

Current liabilities

$ $430$

Current ratio

$1\mathrm{.}44$

Industry current ratio

$1\mathrm{.}28$

Multiple select question.

The company's ability to pay short$-$term obligations is not in doubt since its current ratio is greater than $1\mathrm{.}0$

The company's ratio is above the industry's ratio, so this company is able to cover its debt better than others in this industry.

Since the company's current ratio is greater than $1\mathrm{.}0,$ it indicates future challenges in covering liabilities.