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A company has the following details extracted from its statement of financial position: Inventories 1,900 Receivables 1,000 Bank overdraft 100 Payables 1,000 The industry the company operates in has a current ratio norm of 1.8. Companies who manage liquidity well in this industry have a current ratio lower than the norm. Which of the following statements accurately describes the company’s liquidity position?
A.
Liquidity appears to be well managed as the bank overdraft is relatively low
B.
Liquidity appears to be poorly-controlled as shown by the large payables balance
C.
. Liquidity appears to be poorly-controlled as shown by the company’s relatively high current ratio
D.
. Liquidity appears to be poorly-controlled as shown by the existence of a bank overdraft