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A company has the following details extracted from its statement of financial position:
Which of the following could describe the company's liquidity position? A. Very well-controlled because its current assets far outweigh its current liabilities B. Poorly-controlled because its quick assets are less than its current liabilities C. Poorly-controlled because its current ratio is significantly higher than the industry norm of 1.8 D. Poorly-controlled because it has a bank overdraft |