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When company get a current ratio retail industry average

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Reference no: EM132712926

In general, the current ratio of retail industry is usually equal or higher than 1. However , based on the most recent report of Walmart, the current ratio is below 1

Oct 31,2020: 0.84
July 31,2020: 0.79
April 2020: 0.77

Problem 1: What could be a reason for that and is it alway a bad thing when company get a current ratio retail industry average?

Reference no: EM132712926

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