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Which of the following statements is true about liquidity for Kerry’s Warehouse in 2014? (A) It is better than industry average and has improved since 2013 - HSC - SSCE Business Studies - Question 19 - 2014 - Paper 1
Question 19
Which of the following statements is true about liquidity for Kerry’s Warehouse in 2014? (A) It is better than industry average and has improved since 2013. (B) It... show full transcript
Worked Solution & Example Answer:Which of the following statements is true about liquidity for Kerry’s Warehouse in 2014? (A) It is better than industry average and has improved since 2013 - HSC - SSCE Business Studies - Question 19 - 2014 - Paper 1
Step 1
Identify the correct statement regarding liquidity
Answer
To determine the correct statement about the liquidity of Kerry's Warehouse in 2014, we need to compare its liquidity ratios from 2014 to the industry average and assess any changes since 2013.
Based on the analysis, the statement that accurately reflects the conditions is:
(A) It is better than industry average and has improved since 2013.