Consider the following statement of financial position and the industry average ratios:
Based on the quick ratio, which of the following statements regarding Beta Corp.'s short-term liquidity is true?
a) The quick ratio has weakened from the prior year and is stronger than the industry average.
b) The quick ratio has weakened from the prior year and is weaker than the industry average.
c) The quick ratio has improved from the prior year, but is weaker than the industry average.
d) The quick ratio has improved from the prior year and is stronger than the industry average.